Bill
Bill > S02637
NY S02637
NY S02637Regulates political contributions and expenditures by limited liability companies and the reporting thereof.
summary
Introduced
01/22/2021
01/22/2021
In Committee
01/05/2022
01/05/2022
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
2021-2022 General Assembly
Bill Summary
AN ACT to amend the limited liability company law and the election law, in relation to political contributions and expenditures by limited liability companies and other entities
AI Summary
This bill amends the Limited Liability Company (LLC) law and the Election law to regulate political contributions and expenditures by LLCs. The key provisions are: (1) LLCs cannot be formed solely for the purpose of making political contributions or expenditures unless registered as a political committee or independent expenditure committee; (2) LLCs formed in other states must register with the New York Secretary of State and meet the same requirements as LLCs formed in New York before making political contributions or expenditures; and (3) campaign finance statements must include the name of the registered agent for service of process for any LLC that makes a contribution, or if no registered agent is designated, the name of one natural person associated with the LLC.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS (on 01/05/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2021/S2637 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S02637&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S02637 |
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