New York S 7883: Relates to political contributions by certain organizations

Bill Text

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S07883 Summary:

BILL NOS07883 

&nbsp

SAME ASSAME AS A06233

&nbsp

SPONSORSALAZAR

&nbsp

COSPNSRBRISPORT, GIANARIS, JACKSON, KRUEGER, LIU, MAY, MAYER, MYRIE, RAMOS, RIVERA

&nbsp

MLTSPNSR

&nbsp

Amd §14-116, El L

&nbsp

Prohibits certain political contributions and loans by certain organizations; provides that loans not repaid by the date of the primary or election shall be considered a contribution.

Go to top S07883 Actions:

BILL NOS07883 

&nbsp

05/13/2025REFERRED TO ELECTIONS

01/07/2026REFERRED TO ELECTIONS

Go to topS07883 Committee&nbspVotes:

Go to topS07883 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS07883 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 7883

 2025-2026 Regular Sessions

 IN SENATE

 May 13, 2025
 ___________

 Introduced by Sens. SALAZAR, BRISPORT, GIANARIS, JACKSON, KRUEGER, LIU,
 MAY, MAYER, MYRIE, RAMOS, RIVERA -- 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 certain organizations

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Subdivision 2 of section 14-116 of the election law, as
 2 amended by chapter 4 of the laws of 2019, is amended to read as follows:
 3 2. a. Notwithstanding [the provisions of subdivision one of this
 4 section, any corporation or an organization financially supported in
 5 whole or in part, by such corporation, any limited liability company or
 6 other corporate entity may make expenditures, including contributions,
 7 not otherwise prohibited by law, for political purposes, in an amount
 8 not to exceed five thousand dollars in the aggregate in any calendar
 9 year; provided that no public utility shall use revenues received from
 10 the rendition of public service within the state for contributions for
 11 political purposes unless such cost is charged to the shareholders of
 12 such a public service corporation.] any other provision of law to the
 13 contrary, no contribution, loan, loan guarantee or other security for
 14 such a loan from any corporation, limited liability company, limited
 15 liability partnership or partnership, other than in the regular course
 16 of the lender's business, may be accepted by a candidate or political
 17 committee, other than a corporation, limited liability company, limited
 18 liability partnership or partnership that is a political committee, for
 19 all nominations to any office or election to any office.
 20 b. A loan made to a candidate or political committee, other than a
 21 constituted committee, by any person, firm or association shall be
 22 repaid by the date of the primary, special or general election, as the
 23 case may be, or such loan shall be considered a contribution by such
 24 person, firm or association including any person endorsing, cosigning,
 25 guaranteeing, collateralizing or other providing security for the loan.
 26 § 2. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD08582-01-5

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