May 10, 2016 •
New York Bill Aims to Curb Corporate Campaign Contributions
The Elections Committee approved a bill to reduce the corporate contribution limit from $5,000 to $1,000 per year and to close a loophole permitting political contributions from limited liability companies. Senate Bill 60, introduced by Sen. Daniel Squadron in 2015, passed the committee this week, while a parallel bill was being passed in the Assembly.
In response to recent political scandals across the state, those supporting the bill are calling for an up-or-down Senate vote by the end of the legislative session.
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