What's happening
This bill prohibits lobbyists, PACs, labor unions, and certain registered individuals from making loans to candidates or political committees.
Why it matters
Closes loopholes in campaign finance. By explicitly prohibiting lobbyists, PACs, labor unions, and certain registered individuals from making loans to candidates or political committees, the bill aims to prevent these entities from exerting financial influence through non-traditional means, not just direct donations.
Targets indirect influence. Loans can function as a form of soft money, potentially allowing special interests to support candidates while circumventing donation limits or transparency requirements. This bill seeks to cut off that avenue, promoting greater integrity in campaign financing.
Includes a specific exception for candidate-lobbyists. The bill allows lobbyists who are themselves candidates to make loans to their own campaigns or committees, which recognizes the rights of individuals to self-finance while still blocking outside influence from their lobbying activities.
Expands the scope of regulated entities. By referencing both state and city definitions of lobbyists and including anyone registered under a specific election law provision, the bill casts a wide net, aiming to comprehensively address possible sources of undue influence in New York elections.
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Who cares
Headline styles
Ban Loans to Campaigns
Plain English, a few words. Used as the page title.
Sponsors
1 Co-sponsor
History
- Referred to election law
- Referred to election law
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Ban Loans from Lobbyists
In Senate Committee · Elections · Sponsor Susan Serino
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
321
2019-2020 Regular Sessions
IN ASSEMBLY (Prefiled)
January 9, 2019
Introduced by M. of A. ABINANTI, GOODELL -- read once and referred to the Committee on Election Law
AN ACT to amend the election law, in relation to prohibiting certain loans to be made to candidates or political committees
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Subdivision 6 of section 14-114 of the election law is amended by adding a new paragraph c to read as follows:
c. Lobbyists, as defined by subdivision (a) of section one-c of the legislative law or by subdivision (a) of section 3-211 of the New York city administrative code, political action committees, labor unions, and any person who has registered with the state board of elections pursuant to subdivision three of section 14-107 of this article are prohibited from making loans to candidates or political committees; provided, however, that a lobbyist shall not be prohibited from making a loan to himself or herself or to his or her own political committee when such lobbyist is a candidate for office.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD05076-01-9
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.