New York S 644: Relates to political contributions by corporations

Bill Text

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S00644 Summary:

BILL NOS00644 

&nbsp

SAME ASSAME AS A06244

&nbsp

SPONSORSKOUFIS

&nbsp

COSPNSRMAY, SANDERS

&nbsp

MLTSPNSR

&nbsp

Amd §14-116, El L

&nbsp

Prohibits schedule B contributions on campaign finance filings.

Go to top S00644 Actions:

BILL NOS00644 

&nbsp

01/08/2025REFERRED TO ELECTIONS

01/07/2026REFERRED TO ELECTIONS

Go to topS00644 Committee&nbspVotes:

Go to topS00644 Floor&nbspVotes:

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

Go to topS00644 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 644

 2025-2026 Regular Sessions

 IN SENATE

 (Prefiled)

 January 8, 2025
 ___________

 Introduced by Sens. SKOUFIS, MAY -- 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:

 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, other than in the regular course of
 15 the lender's business, shall be accepted by a candidate or political
 16 committee, except for a corporation that is a political committee or if
 17 the contribution is for non-candidate expenditures as defined in subdi-
 18 vision five of section 14-100 of this title, for all nominations to any
 19 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,

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD02202-01-5

 S. 644 2

 1 guaranteeing, collateralizing or otherwise providing security for the
 2 loan.
 3 c. Nothing in this subdivision shall be applicable to independent
 4 expenditure committees, as defined in subdivision fifteen of section
 5 14-100 of this title or non-candidate expenditures as defined in subdi-
 6 vision five of section 14-100 of this title.
 7 § 2. This act shall take effect immediately.

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