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A06542 Summary:

BILL NOA06542
 
SAME ASSAME AS S02362
 
SPONSORCarroll
 
COSPNSRThiele, Simon, Sillitti
 
MLTSPNSR
 
Amd §14-102, El L
 
Requires the filing of additional transferor and contributor identification information in campaign receipt and expenditure statements for the receipt of amounts over one hundred dollars, including the full name, full residential address including any suite, floor, or apartment, occupation, employer and employer's full business address in the case of an individual, and the full name and address of any partnership, committee, association, corporation, labor organization or group of persons.
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A06542 Memo:

NEW YORK STATE ASSEMBLY
MEMORANDUM IN SUPPORT OF LEGISLATION
submitted in accordance with Assembly Rule III, Sec 1(f)
 
BILL NUMBER: A6542
 
SPONSOR: Carroll
  TITLE OF BILL: An act to amend the election law, in relation to requiring additional transferor and contributor identification information in campaign receipt and expenditure statements   PURPOSE: This bill would require a political committee to disclose a contribu- tor's occupation, employer, and full name and address along with their employer's full name and business address.   SUMMARY OF PROVISIONS: Section 1 of the bill would amend subdivision 1 of section 14-102 of the election law, regarding statements of campaign receipts, contributions, transfers, and expenditures to and by political committees, as amended by chapter 8 of the laws of 1978 and as redesignated by chapter 9 of the laws of 1978, to require a political committee to disclose additional information regarding contributors who give more than $99 to a political committee. For individual contributors giving more than $99, the contributor's full residential address, occupation, employer, and employer's full business address would be required. For organizational contributors, their full name and full business address are required. Any statement reporting a loan requires the full business name and address of any commercial or business entity providing the loan or the full name of the person providing the loan including their full residen- tial address, employer, and full business address. Section 2 of the bill establishes the effective date.   JUSTIFICATION: Opaque campaign fundraising practices are having a corrosive effect on the public's confidence in the integrity of government. Too often, citi- zens feel that their votes are of little consequence compared to wealthy campaign donors. The cumulative impact is a significant threat to the fundamental values of democracy. A fundamental component of campaign finance laws is that campaign committees must disclose the identity of contributors. The rationale is that public awareness of who has contrib- uted may reduce the possibility of elected officials favoring contribu- tors. Requiring that significant contributors disclose their occupations and employer's information is necessary to ensure that contributors are adequately identified and to provide the public with additional informa- tion that may be useful in assessing where a contributor's interests may lie and whether an elected official might favor that contributor.   LEGISLATIVE HISTORY: 2013-2014: S941/No Same as 2015-2016: S1360/A7321 Pichardo 2017-2018: S1218/A5898 Pichardo 2019-2020: S492/A2028 Pichardo 2021-2022: S2546 Rivera   FISCAL IMPLICATIONS: None.   EFFECTIVE DATE: This act shall take effect on the first of December succeeding the date on which it shall have become a law.
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