Prohibits business receiving State development subsidies from making certain campaign contributions.
New Jersey's A1906 bill prohibits businesses receiving state economic development subsidies of $25,000 or more from making campaign contributions to candidates, political parties, or related committees during the subsidy period. It applies to the business itself, its affiliates, and key employees, but allows candidates to contribute to their own campaigns. Violations could result in fines up to $200,000 for individuals or $500,000 for entities, and businesses may lose remaining subsidies or face a five-year ban on state contracting. The bill defines "development subsidy" to exclude specific programs like affordable housing or environmental initiatives.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2024
Last action Jan 9, 2024
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Full legislative history
Actions timeline
Total actions
1
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0
Committee
0
Jan 9, 2024
Introduced
Introduced in the Assembly, Referred to Assembly State and Local Government Committee
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Ellen Park
DDemocratic
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