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History
- Referred to elections
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S7186
Title of bill
An act to amend the election law, in relation to campaign contributions by intermediaries
Purpose or general idea of bill
This legislation defines the term "intermediary" and requires that such person or entity be disclosed to the State Board of Elections when bundling contributions for a candidate or authorized committee.
Summary of specific provisions
Section 14 of the Election Law is amended to add a new definition for the term intermediary. In addition, subdivision 1 of section 14-102 of the Election Law is amended to add intermediary to the list of those persons or entities that must be disclosed on campaign contribution reports filed with a local or State Board of Elections. An exception from the new reporting requirement is created for those who host a "house party" where contributions less than $500 in the aggregate are collected.
Justification
This bill enhances state campaign finance disclosure reporting requirements by making it necessary for said reports to now contain information about those who bundle contributions. Under current law this information need not be disclosed further inhibiting the public from determining how and from whom political candidates and committees receive contributions and funds.
Prior legislative history
New bill.
Fiscal implications
None to the state.
Effective date
This act shall take effect June 1, 2014.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.