Bill
Bill > S02364
NY S02364
NY S02364Enacts the "corporate political activity accountability to shareholders act"; requires that corporate contributions to a political candidate or party committee or in support or opposition to a candidate or ballot referendum be approved by a majority of shareholders; applies to cooperative corporations, not-for-profit corporations, railroad and transportation corporations.
summary
Introduced
01/24/2019
01/24/2019
In Committee
01/08/2020
01/08/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
2019-2020 General Assembly
Bill Summary
AN ACT to amend the business corporation law, the cooperative corporations law, the not-for-profit corporation law, the railroad law, the transportation corporations law, the banking law and the limited liability company law, in relation to enacting the "corporate political activity accountability to shareholders act" The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1
AI Summary
This bill enacts the "corporate political activity accountability to shareholders act", which requires that corporate contributions to political candidates, parties, or ballot referendums be approved by a majority of shareholders at least annually. The bill applies to business corporations, cooperative corporations, not-for-profit corporations, railroad and transportation corporations, and limited liability companies. The bill also requires these entities to annually disclose their political contributions and independent expenditures to their shareholders and the Secretary of State.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS (on 01/08/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://assembly.state.ny.us/leg/?default_fld=&bn=S02364&term=2019&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y | 01/25/2019 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S02364&term=2019&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S02364A | 05/17/2019 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S02364&term=2019&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S02364 | 01/25/2019 |
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