Relates to political contributions by corporations

S 644 prohibits corporations from making political contributions that would require disclosure on Schedule B of campaign finance filings. It allows corporations to spend up to $5,000 annually on political activities (excluding Schedule B contributions) but bans all other corporate contributions, loans, or guarantees to candidates or political committees. The bill directly affects corporations, political committees, and candidates by restricting corporate political spending and clarifying disclosure requirements. Key provisions include banning Schedule B contributions entirely and requiring repayment of loans to candidates by election dates. This amendment to New York's election law takes effect immediately upon passage.