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Who cares
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Sponsors
Senator · Senate District 3
1 Co-sponsor
History
- Print number 7474a
- Amend and recommit to rules
- Reported and committed to rules
- Referred to elections
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the election law, in relation to prohibiting certain loans to be made to candidates or political committees
Purpose
This bill prohibits registered lobbyists, political action committees, labor unions and independent expenditure committees from making loans to candidates or political committees.
Summary of specific provisions
Section one prohibits registered lobbyists, political action committees, labor unions and independent expenditure committees from making loans to candidates or political committees.
Section two provides that this act shall take effect immediately.
Justification
Registered lobbyists, political action committees, labor unions and independent expenditure committees have been making loans to candidates for political office. These loans have the effect of laying the groundwork for pay-to-play schemes before a candidate is even elected. By prohibiting registered lobbyists, political action committees and labor unions from making loans to candidates or their political committees, we can begin to restore the public's trust in government.
Prior legislative history
New Bill.
Fiscal implications
No cost to the 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.