Bill > S00644

This bill amends New York election law to significantly restrict corporate campaign contributions by prohibiting corporations from making loans or providing financial support to candidates or political committees, with a few specific exceptions. The legislation prevents corporations from providing loans, loan guarantees, or other financial securities to candidates or political committees, except in the regular course of a lender's standard business practices or for certain non-candidate expenditures. Additionally, the bill stipulates that any loans made to a candidate or political committee must be fully repaid by the date of the primary, special, or general election; otherwise, the loan will be considered a contribution. The bill explicitly excludes independent expenditure committees and non-candidate expenditures from these restrictions. This change aims to increase transparency and reduce potential corporate influence in political campaigns by limiting the ways corporations can financially support political candidates and committees.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/S644