Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 08, 2024 |
referred to election law delivered to assembly passed senate ordered to third reading cal.3 reported and committed to rules |
Jan 03, 2024 |
referred to elections returned to senate died in assembly |
Mar 15, 2023 |
referred to election law delivered to assembly passed senate |
Mar 13, 2023 |
advanced to third reading |
Mar 09, 2023 |
2nd report cal. |
Mar 08, 2023 |
1st report cal.457 |
Jan 04, 2023 |
referred to elections |
Senate Bill S371
2023-2024 Legislative Session
Sponsored By
(D, WF) 12th Senate District
Current Bill Status - In Assembly 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
Actions
Votes
co-Sponsors
(D, WF) 59th Senate District
(D, WF) 40th Senate District
(D, WF) 47th Senate District
(D, WF) 31st Senate District
2023-S371 (ACTIVE) - Details
2023-S371 (ACTIVE) - Sponsor Memo
BILL NUMBER: S371 SPONSOR: GIANARIS TITLE OF BILL: An act to amend the election law, in relation to enacting the "democracy preservation act"; and in relation to prohibiting contributions by foreign-influenced business entities and requiring certification PURPOSE: To ban political spending by foreign-influenced business entities in New York's state and local elections. SUMMARY OF PROVISIONS: Section one is the title. Section two outlines the legislative findings. Section three of the bill amends the election law by adding section 14-116-a to prohibit contributions by foreign-influenced business enti-
2023-S371 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 371 2023-2024 Regular Sessions I N S E N A T E (PREFILED) January 4, 2023 ___________ Introduced by Sen. GIANARIS -- 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 enacting the "democracy preservation act"; and in relation to prohibiting contributions by foreign-influenced business entities and requiring certification THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. This act shall be known and may be cited as the "democracy preservation act". § 2. Legislative Findings. The legislature hereby finds and declares that New York state welcomes immigrants, visitors, and investors from around the world. However, its elections should be decided by the people of New York and not by foreign investors or the business entities over which they exert influence. Corporations with partial foreign ownership have been spending money to influence state and local elections in New York and around the country. The public has a compelling interest in limiting the participation of foreign entities in activities of American democratic self-government, which include spending money to influence voters and finance campaigns, in the interest of preventing foreign influence over the United States political process. Investors are the ultimate beneficiaries of corporate interests. Where part of the shareholders' equity is attributable to foreign investors, spending corporate treasury funds on New York elections means spending the equity of foreign entities on New York elections. Business corporations and similar entities have a fiduciary duty to their shareholders, including investors around the world, and generally prioritize the interests of such shareholders, which may diverge substantially from the interests of the people of New York and of citi- zens of the United States. In addition, both formal procedures of corpo- rate democracy and informal mechanisms of influence can provide foreign EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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This bill is a gresat step forward in protecting our rights and our ability to choose our leaders. We have been forced to watch as big money buys our government representation away from us. Our reps work for us and we will continue to partner with and vote for those who actually do so. I vote. I encourage others to vote as well. We have had enough and will no longer accept the loss of our voting power due to it being bought out from under us.