A05023 Summary:
| BILL NO | A05023 |
| SAME AS | No Same As |
| SPONSOR | Jacobson |
| COSPNSR | |
| MLTSPNSR | |
| Amd §14-200-a, El L | |
| Provides that election contributions made in cash, or in bitcoin or any other form of cryptocurrency are not matchable for purposes of public financing. | |
A05023 Text:
Go to topSTATE OF NEW YORK ________________________________________________________________________ 5023 2025-2026 Regular Sessions IN ASSEMBLY February 11, 2025 ___________ Introduced by M. of A. JACOBSON -- read once and referred to the Commit- tee on Election Law AN ACT to amend the election law, in relation to public financing contributions that are not matchable for purposes of public financing The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subparagraphs (xi) and (xii) of paragraph (b) of subdivi- 2 sion 11 of section 14-200-a of the election law, as added by section 4 3 of part ZZZ of chapter 58 of the laws of 2020, are amended and a new 4 subparagraph (xiii) is added to read as follows: 5 (xi) contributions from lobbyists registered pursuant to subdivision 6 (a) of section one-c of the legislative law; [and] 7 (xii) any portion of a contribution when the aggregate contributions 8 are in excess of two hundred fifty dollars from any one contributor to 9 such participating candidate for nomination or election[.]; and 10 (xiii) contributions made in cash, or in bitcoin or any other form of 11 cryptocurrency. 12 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD03168-01-5