Bill > A06233

This bill amends New York election law to significantly restrict political contributions and loans from corporations, limited liability companies, partnerships, and other business entities. Specifically, the bill prohibits these organizations from making contributions, loans, loan guarantees, or providing loan security to candidates or political committees, except in very limited circumstances. The bill introduces a new requirement that any loan 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. This means that if a loan is not repaid by the election date, it will be treated as a direct financial contribution, which could have implications for campaign finance reporting and potential legal compliance. The goal appears to be increasing transparency in political funding and preventing businesses from exerting undue financial influence on political campaigns by limiting their ability to provide financial support through traditional and non-traditional means.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/A6233