Bill > A06244

This bill modifies New York's election law to significantly restrict corporate political contributions and loans. Specifically, the bill prohibits corporations from making direct financial contributions to candidates or political committees, with only limited exceptions for political committees themselves and non-candidate expenditures. The bill also introduces new rules about campaign loans, stating that any loan 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. If anyone endorses, cosigns, guarantees, or provides collateral for such a loan, they may also be considered as making a contribution. The legislation exempts independent expenditure committees and non-candidate expenditures from these restrictions. The primary goal appears to be reducing corporate influence in political campaigns by limiting the ways corporations can financially support candidates, with the intent of promoting more transparent and equitable campaign financing.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/A6244