A proposed amendment to the city’s ethics ordinance introduced at City Council would extend the existing $1,500 per-year campaign contribution limit on individuals and entities doing business with the City of Chicago to include officers, directors, partners, or owners of 1% or more of those companies and their spouses or domestic partners.

Reaching the $1,500 limit by a corporate entity or any combination of its officers, leadership, and their spouses, would block all further contributions from any of those sources.

The ordinance also amends the ethics ordinance to create an affirmative duty for every city contractor or lobbyist to report any information concerning conduct by any person which the contractor or lobbyist knows to involve corrupt activity.

A failure to report would constitute an event of default for the contractor and suspension of the lobbyist’s registration for two years in addition to other penalties.

If passed, the ordinance would become effective 10 days after passage.