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Assembly Bill A3967

2025-2026 Legislative Session

Requires separate bank accounts for public financing campaign contributions and other campaign funds

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Current Bill Status - In Assembly Committee

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2025-A3967 (ACTIVE) - Details

Current Committee:
Assembly Election Law
Law Section:
Election Law
Laws Affected:
Amd §14-205, El L

2025-A3967 (ACTIVE) - Summary

Requires separate bank accounts for public financing campaign contributions and other campaign funds.

2025-A3967 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3967
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 30, 2025
                                ___________
 
 Introduced  by M. of A. STECK -- read once and referred to the Committee
   on Election Law
 
 AN ACT to amend the election law, in relation to  requiring  a  separate
   bank account for public financing campaign contributions
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. Section 14-205 of the election law is amended by  adding  a
 new subdivision 5-a to read as follows:
   5-A.  BANK  ACCOUNT. NOTWITHSTANDING ANY OTHER LAW, RULE OR REGULATION
 TO THE CONTRARY, ANY RETAINED FUNDS OR  OTHER  CAMPAIGN  FUNDS  ACQUIRED
 INDEPENDENT  OF  PUBLIC  FINANCING SHALL BE DEPOSITED IN A SEPARATE BANK
 ACCOUNT FROM  THE  AUTHORIZED  COMMITTEE'S  BANK  ACCOUNT  FOR  CAMPAIGN
 CONTRIBUTIONS  RECEIVED  PURSUANT  TO  THIS  ARTICLE. SUCH BANK ACCOUNTS
 SHALL BE SUBJECT TO DISCLOSURE PURSUANT TO RELEVANT ELECTION LAWS, RULES
 AND REGULATIONS.
   § 2. This act shall take effect immediately.
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD07261-01-5

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