Bill > S04857

This bill aims to modify financial disclosure requirements for statewide elected officials, legislative candidates, and members of the legislature. The changes primarily involve expanding the public posting of financial disclosure statements and broadening the definition of who must file such statements. Specifically, the bill requires the Commission on Ethics and Lobbying in Government to post annual financial disclosure statements for candidates for statewide elected office and legislative candidates, in addition to current office holders, and mandates that these statements remain publicly available on their website for at least five years. The bill also updates the definition of "relative" to include domestic partners and makes several technical modifications to reporting requirements, such as using gender-neutral language (changing "his or her" to "their") and clarifying how certain professional services and client information should be disclosed. These changes are intended to increase transparency in public officials' financial dealings by making more comprehensive information readily accessible to the public and standardizing the reporting process.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/S4857