Bill > A00373

This bill establishes the Reputational Insight and Oversight Transparency (RIOT) Act, which aims to restrict political contributions from firms receiving investments from public retirement systems or pension funds. The legislation was motivated by concerns about financial support for groups involved in challenging the 2020 presidential election results. Specifically, the bill prohibits firms receiving public pension investments from making direct corporate contributions to certain political entities, including super PACs (independent expenditure-only political action committees), tax-exempt political organizations under section 527 of the Internal Revenue Code, and tax-exempt organizations under section 501(c)(4). Additionally, the bill limits senior executives at these firms from making individual political contributions exceeding $10,000 to such entities and requires disclosure of contributions at or below $10,000 to either the New York State Department of Audit and Control, the Office of the New York State Comptroller, or the Office of the New York City Comptroller. The underlying intent is to mitigate reputational risks for public employees' pension investments by increasing transparency and limiting potentially controversial political spending.

Labor and Employment

https://www.nysenate.gov/legislation/bills/2025/A373