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Who cares
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Sponsors
No co-sponsors yet.
History
- Referred to elections
- Referred to elections
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S2200
Title of bill
An act to amend the election law, in relation to party committee and constituted committee contribution and receipt limits; and to repeal subdivision 3 of section 14-124 of the election law relating thereto
Purpose
To repeal the exemption from contribution limits to political party "housekeeping" accounts and to reduce the amount that can be contributed annually to a political party.
Summary of provisions
Section 1. Amends paragraph a of subdivision 10 of section 14-114 of the election law to reduce the annual contribution limits to political parties or constituted committees from $62,500 to $25,000, which shall include contributions to party housekeeping accounts.
Section 2. Repeals subdivision 3 of section 14-124 of the election law, which provides an exemption from contribution limits on monies received and expenditures made by a party committee or constituted committee to maintain a permanent headquarters and staff and carry on ordinary activities which are not for the express purpose of promoting the candidacy of specific candidates, aka "housekeeping" accounts.
Section 3. Effective date.
Justification
The exemption from contribution limits that exists for political party housekeeping accounts is a glaring loophole in the state's campaign finance laws. What's more, New York's contribution limits are some of the highest in the country and are long overdue for reform. By closing a glaring loophole in our campaign finance laws and greatly reducing contribution limits we can limit the effect that big money has on our political system so that the voices of the citizens of the state can be heard.
Legislative history
New bill.
Fiscal implications
None to state.
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.