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History
- Referred to elections
- Referred to elections
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S2051
Title of bill
An act to amend the election law, in relation to reducing the aggregate calendar limit on the amount of contributions that can be made by individuals
Purpose
To reduce the limit on aggregate campaign contributions an individual may make during each calendar year from $150,000 to $75,000.
Summary of provisions
Section 1 of the bill amends subdivision 8 of section 14-114 of the election law, as amended by chapter 8 of the laws of 1978 and as redesignated by chapter 9 of the laws of 1978, by reducing the limit on aggregate campaign contributions an individual may make during each calendar year from $150,000 to $75,000.
Section 2 of the bill establishes the effective date.
Justification
Our campaign finance laws need substantial reform to ensure the integrity of elections in our state. This bill does not address the broad range of issues that might be addressed in a comprehensive reform package. However, by reducing the aggregate amount that each individual may contribute annually, this bill will assist in diminishing the danger of corruption posed by wealthy individuals, who may donate large sums to multiple candidates with an expectation that specific actions will be taken in exchange for their contributions. This bill will also help reduce the perception that such corruption may occur.
Corporate contributors are subject to separate, lower limits and are unaffected by this bill.
Legislative history
2014: A02019 (Kavanagh) - Election Law; Same as S170 (Squadron) - Elections 2013: A02019 (Kavanagh) - Election Law; Same as S170 (Squadron) - Elections 2012: A05881 (Kavanagh) - Election Law 2011: A05881 (Kavanagh) - Election Law 2010: A00429 (Kavanagh) - Election Law 2009: A00429 (Kavanagh) - Election Law 2008: A11402A (Kavanagh) - Election Law
Fiscal impact on the state
None.
Effective date
This act shall take effect on the first January next succeeding the date on which it shall have become a law.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.