A 6244 New York Assembly · 2025 Regular Session

Relates to political contributions by corporations

This bill prohibits corporations, limited liability companies, and other corporate entities from making political contributions exceeding $5,000 annually to candidates or political committees, with specific exceptions. It directly affects corporations and their political spending by banning "schedule B" contributions (corporate political contributions) on campaign finance filings, except for political committees or non-candidate expenditures. The key provision sets a strict annual cap of $5,000 on all corporate political contributions and requires loans to candidates to be repaid before elections or treated as contributions. Public utilities are excluded from the cap only if costs are charged to shareholders, not from public service revenues. The bill takes effect immediately upon enactment.
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 27, 2025 Last action Jan 7, 2026
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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
2
Jan 7, 2026
Committee
REFERRED TO ELECTION LAW
lower
Feb 27, 2025
Committee
REFERRED TO ELECTION LAW
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Robert Carroll
Robert Carroll
DDemocratic
NY
44