Bill > S07883

This bill modifies existing election law to significantly restrict political contributions and loans by certain business entities. Specifically, the bill prohibits corporations, limited liability companies, limited liability partnerships, and partnerships from making political contributions or loans 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, and this applies to the original loan provider as well as any individuals who have endorsed, cosigned, guaranteed, or provided collateral for the loan. The bill aims to increase transparency and reduce the potential for financial influence in political campaigns by creating stricter rules around campaign financing and loan mechanisms.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/S7883