A 3960 New York Assembly · 2025 Regular Session

Relates to public financing for state office; repealer

This bill repeals the existing public financing framework for state offices and establishes new contribution limits for candidates. It sets office-specific caps - such as $4,000 for state senate nominations and $25,000 for general elections - with annual inflation adjustments. Family members (spouses, parents, siblings) face lower contribution limits, and all rules apply to candidates and political committees seeking state office. These changes standardize campaign finance rules across election types, replacing prior regulations. The bill directly affects candidates, donors, and political committees in New York State elections.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 30, 2025 Last action Jan 7, 2026
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Total actions
2
Key actions
0
Committee
2
Jan 7, 2026
Committee
REFERRED TO ELECTION LAW
lower
Jan 30, 2025
Committee
REFERRED TO ELECTION LAW
lower
1 primary · 5 co-sponsors

Sponsors