New York S 8445: Imposes a temporary ban on the commencement of mortgage foreclosure actions and the sale of foreclosed properties

Bill Text

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S08445 Summary:

BILL NOS08445 

&nbsp

SAME ASSAME AS A10097

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SPONSORFAHY

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COSPNSRBOTTCHER

&nbsp

MLTSPNSR

&nbsp

Amd §14-107, add §14-107-c, El L

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Requires disclosure of major contributors on independent expenditure communications; provides language for such disclaimers.

Go to top S08445 Actions:

BILL NOS08445 

&nbsp

06/23/2025REFERRED TO RULES

01/07/2026REFERRED TO ELECTIONS

Go to topS08445 Committee&nbspVotes:

Go to topS08445 Floor&nbspVotes:

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

Go to topS08445 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 8445

 2025-2026 Regular Sessions

 IN SENATE

 June 23, 2025
 ___________

 Introduced by Sen. FAHY -- read twice and ordered printed, and when
 printed to be committed to the Committee on Rules

 AN ACT to amend the election law, in relation to requiring disclosure of
 major contributors on independent expenditure communications

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

 1 Section 1. Section 14-107 of the election law is amended by adding a
 2 new subdivision 9 to read as follows:
 3 9. (a) Any individual, entity, or political committee that makes an
 4 independent expenditure for a covered communication shall include on
 5 such communication the following disclaimer, prominently displayed and
 6 clearly readable or audible, as applicable:
 7 "Paid for by (name of person or organization). This expenditure was
 8 not made in cooperation with any candidate or candidate's committee."
 9 (b) (i) If the independent spender has received aggregate contrib-
 10 utions exceeding one thousand dollars from any person or entity during
 11 the twelve months preceding the communication, the disclaimer shall also
 12 include:
 13 "Top contributors: (Name one) (Name two) (Name three)."
 14 (ii) The names listed under subparagraph (i) of this paragraph shall
 15 be those contributors who contributed the largest aggregate amounts
 16 exceeding one thousand dollars, in descending order.
 17 (c) If the independent spender has a treasurer, the disclaimer shall
 18 also include:
 19 "The treasurer of (name of person or organization) is (name of treas-
 20 urer)."
 21 (d) The disclosure shall appear in a type size and format that is
 22 easily readable or, for audio or video communications, clearly audible
 23 and/or visible for at least four seconds. The disclosure shall also
 24 include the web address of the state board of elections candidates and
 25 campaign disclosures reporting system.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD13406-01-5

 S. 8445 2

 1 (e) Nothing in this section shall be applicable to candidates for
 2 public offices under the jurisdiction of the New York city campaign
 3 finance board.
 4 (f) For the purposes of this subdivision, the term "covered communi-
 5 cation" shall mean any public communication made via direct mail, print,
 6 internet, radio, television, telephone, or other mass distribution meth-
 7 od that expressly advocates for the election or defeat of a clearly
 8 identified candidate or ballot proposal, or refers to such candidate or
 9 proposal within sixty days of an election.
 10 § 2. The election law is amended by adding a new section 14-107-c to
 11 read as follows:
 12 § 14-107-c. Donor attribution rules for independent expenditures. 1.
 13 For purposes of determining the top contributors required to be
 14 disclosed under subdivision nine of section 14-107 of this title, only
 15 those contributions that are earmarked, solicited for, or reasonably
 16 expected to support independent expenditures shall be considered.
 17 2. No later than one hundred eighty days after the effective date of
 18 this section, state board of elections shall promulgate any rules or
 19 regulations necessary to implement the provisions of this section and
 20 subdivision nine of section 14-107 of this title, including standardized
 21 disclaimer formats, font sizes, and methods for identifying top contrib-
 22 utors.
 23 § 3. Severability clause. If any clause, sentence, paragraph, subdivi-
 24 sion or section of this act shall be adjudged by any court of competent
 25 juris