NY S02895

Bill

Enacts 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.

Introduced
01/26/2021

In Committee
01/05/2022

Crossed Over

Passed

Dead
12/31/2022

Introduced Session

2021-2022 General Assembly

Bill Summary

AI Summary

This bill enacts the "corporate political activity accountability to shareholders act," which requires that corporate contributions to political candidates, parties, or referendums be approved by a majority of shareholders. The bill applies to cooperative corporations, not-for-profit corporations, railroad and transportation corporations, and other business entities. It also requires these entities to annually disclose their political contributions and independent expenditures to their shareholders and the Secretary of State. The Attorney General can enforce the provisions of the bill.

Committee Categories

Government Affairs

Sponsors (1)

Brian Kavanagh (D)*,

Last Action

REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS (on 01/05/2022)

Official Document

https://www.nysenate.gov/legislation/bills/2021/S2895

(2 Companion Bills)

Version:

Document Type	Source Location	Created
State Bill Page	https://www.nysenate.gov/legislation/bills/2021/S2895	01/27/2021
BillText	https://assembly.state.ny.us/leg/?default_fld=&bn=S02895&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S02895	01/27/2021

Bill	Bill Name	Last Action	Type
A00442	Enacts 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.	referred to election law	Same As
S02364	Enacts 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.	REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS	Reintroduced

Bill > S02895

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (1)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary