Senate Bill S5553A

2023-2024 Legislative Session

Relates to political contributions by corporations

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Elections Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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Bill Amendments

2023-S5553 - Details

See Assembly Version of this Bill:
A5410
Current Committee:
Senate Elections
Law Section:
Election Law
Laws Affected:
Amd §14-116, El L
Versions Introduced in 2021-2022 Legislative Session:
S8510, A9896

2023-S5553 - Summary

Prohibits schedule B contributions on campaign finance filings.

2023-S5553 - Sponsor Memo

2023-S5553 - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5553
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                               March 8, 2023
                                ___________
 
 Introduced  by  Sen. SKOUFIS -- read twice and ordered printed, and when
   printed to be committed to the Committee on Elections
 
 AN ACT to amend the election law, in relation to political contributions
   by corporations
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section  1.  Subdivision  2  of section 14-116 of the election law, as
 amended by chapter 4 of the laws of 2019, is amended to read as follows:
   2. A. Notwithstanding [the  provisions  of  subdivision  one  of  this
 section,  any  corporation  or  an organization financially supported in
 whole or in part, by such corporation, any limited liability company  or
 other  corporate  entity may make expenditures, including contributions,
 not otherwise prohibited by law, for political purposes,  in  an  amount
 not  to  exceed  five  thousand dollars in the aggregate in any calendar
 year; provided that no public utility shall use revenues  received  from
 the  rendition  of public service within the state for contributions for
 political purposes unless such cost is charged to  the  shareholders  of
 such  a  public  service corporation.] ANY OTHER PROVISION OF LAW TO THE
 CONTRARY, NO CONTRIBUTION, LOAN, LOAN GUARANTEE OR  OTHER  SECURITY  FOR
 SUCH  A  LOAN FROM ANY CORPORATION,  OTHER THAN IN THE REGULAR COURSE OF
 THE LENDER'S BUSINESS, SHALL BE ACCEPTED BY  A  CANDIDATE  OR  POLITICAL
 COMMITTEE,  OTHER  THAN A CORPORATION THAT IS A POLITICAL COMMITTEE, FOR
 ALL NOMINATIONS TO ANY OFFICE OR ELECTION TO ANY OFFICE.
   B. A LOAN MADE TO A CANDIDATE OR POLITICAL  COMMITTEE,  OTHER  THAN  A
 CONSTITUTED  COMMITTEE,  BY  ANY  PERSON,  FIRM  OR ASSOCIATION SHALL BE
 REPAID BY THE DATE OF THE PRIMARY, SPECIAL OR GENERAL ELECTION,  AS  THE
 CASE  MAY  BE,  OR  SUCH LOAN SHALL BE CONSIDERED A CONTRIBUTION BY SUCH
 PERSON, FIRM OR ASSOCIATION INCLUDING ANY PERSON  ENDORSING,  COSIGNING,
 GUARANTEEING, COLLATERALIZING OR OTHER PROVIDING SECURITY FOR THE LOAN.
   C.  NOTHING  IN  THIS  SUBDIVISION  SHALL BE APPLICABLE TO INDEPENDENT
 EXPENDITURE COMMITTEES, AS DEFINED IN  SUBDIVISION  FIFTEEN  OF  SECTION
 14-100 OF THIS TITLE.
   § 2. This act shall take effect immediately.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
              

co-Sponsors

2023-S5553A (ACTIVE) - Details

See Assembly Version of this Bill:
A5410
Current Committee:
Senate Elections
Law Section:
Election Law
Laws Affected:
Amd §14-116, El L
Versions Introduced in 2021-2022 Legislative Session:
S8510, A9896

2023-S5553A (ACTIVE) - Summary

Prohibits schedule B contributions on campaign finance filings.

2023-S5553A (ACTIVE) - Sponsor Memo

2023-S5553A (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  5553--A
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                               March 8, 2023
                                ___________
 
 Introduced  by  Sen. SKOUFIS -- read twice and ordered printed, and when
   printed to be committed to the Committee  on  Elections  --  committee
   discharged, bill amended, ordered reprinted as amended and recommitted
   to said committee
 
 AN ACT to amend the election law, in relation to political contributions
   by corporations

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subdivision 2 of section 14-116 of  the  election  law,  as
 amended by chapter 4 of the laws of 2019, is amended to read as follows:
   2.  A.  Notwithstanding  [the  provisions  of  subdivision one of this
 section, any corporation or an  organization  financially  supported  in
 whole  or in part, by such corporation, any limited liability company or
 other corporate entity may make expenditures,  including  contributions,
 not  otherwise  prohibited  by law, for political purposes, in an amount
 not to exceed five thousand dollars in the  aggregate  in  any  calendar
 year;  provided  that no public utility shall use revenues received from
 the rendition of public service within the state for  contributions  for
 political  purposes  unless  such cost is charged to the shareholders of
 such a public service corporation.] ANY OTHER PROVISION OF  LAW  TO  THE
 CONTRARY,  NO  CONTRIBUTION,  LOAN, LOAN GUARANTEE OR OTHER SECURITY FOR
 SUCH A LOAN FROM ANY CORPORATION,  OTHER THAN IN THE REGULAR  COURSE  OF
 THE  LENDER'S  BUSINESS,  SHALL  BE ACCEPTED BY A CANDIDATE OR POLITICAL
 COMMITTEE, EXCEPT FOR A CORPORATION THAT IS A POLITICAL COMMITTEE OR  IF
 THE  CONTRIBUTION IS FOR NON-CANDIDATE EXPENDITURES AS DEFINED IN SUBDI-
 VISION FIVE OF SECTION 14-100 OF THIS TITLE, FOR ALL NOMINATIONS TO  ANY
 OFFICE OR ELECTION TO ANY OFFICE.
   B.  A  LOAN  MADE  TO A CANDIDATE OR POLITICAL COMMITTEE, OTHER THAN A
 CONSTITUTED COMMITTEE, BY ANY  PERSON,  FIRM  OR  ASSOCIATION  SHALL  BE
 REPAID  BY  THE DATE OF THE PRIMARY, SPECIAL OR GENERAL ELECTION, AS THE
 CASE MAY BE, OR SUCH LOAN SHALL BE CONSIDERED  A  CONTRIBUTION  BY  SUCH
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD06903-04-3
              

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