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Bill > A06975

NY A06975

NY A06975
Relates to political contributions by limited liability companies.

summary

Introduced
04/15/2015
In Committee
06/16/2016
Crossed Over
05/12/2015
Passed
Dead
06/18/2016

Introduced Session

2015-2016 General Assembly

Bill Summary

Relates to political contributions by limited liability companies.

AI Summary

This bill amends Section 14-116 of the election law to clarify that limited liability companies (LLCs), which are business structures that offer limited liability to their owners, are subject to the same restrictions on political contributions as corporations. Specifically, it inserts "limited liability company" into the existing prohibition against corporations, joint-stock associations, and other corporate entities from directly or indirectly paying, using, or offering money or property to support any political party, committee, organization, or candidate, or any entity organized for political purposes. This change ensures that LLCs, like corporations, cannot use their funds for political activities, with the exception of entities organized solely for political purposes.

Committee Categories

Government Affairs, Housing and Urban Affairs

Sponsors (58)

James Brennan (D)*,  Steven Englebright (D)*,  Herman Farrell (D)*,  Deborah Glick (D)*,  Brian Kavanagh (D)*,  Donna Lupardo (D)*,  Chad Lupinacci (R)*,  William Magee (D)*,  Margaret Markey (D)*,  John McDonald (D)*,  Annette Robinson (D)*,  Robin Schimminger (D)*,  Rebecca Seawright (D)*,  Fred Thiele (D)*,  Thomas Abinanti (D),  Didi Barrett (D),  Michael Blake (D),  Harry Bronson (D),  David Buchwald (D),  Kevin Cahill (D),  John Ceretto (D),  William Colton (D),  Vivian Cook (D),  Michael Cusick (D),  Jeffrey Dinowitz (D),  Patricia Fahy (D),  Sandy Galef (D),  Richard Gottfried (D),  Pamela Hunter (D),  Ellen Jaffee (D),  Kimberly Jean-Pierre (D),  Addie Jenne (D),  Charles Lavine (D),  Barbara Lifton (D),  Bill Magnarelli (D),  Shelley Mayer (D),  Michael Miller (D),  Walter Mosley (D),  Catherine Nolan (D),  Danny O'Donnell (D),  Félix Ortiz (D),  Amy Paulin (D),  Crystal Peoples-Stokes (D),  Dan Quart (D),  Linda Rosenthal (D),  Nily Rozic (D),  Sean Ryan (D),  Angelo Santabarbara (D),  Michelle Schimel (D),  Jo Anne Simon (D),  Aravella Simotas (D),  James Skoufis (D),  Michaelle Solages (D),  Phil Steck (D),  Al Stirpe (D),  Matthew Titone (D),  Carrie Woerner (D),  Ken Zebrowski (D), 

Last Action

REFERRED TO RULES (on 06/16/2016)
(2 Companion Bills)

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