Regulates political contribution activities by intermediaries; requires disclosure of certain identifying information when certain contributions are made by an intermediary to a candidate or a committee.
Summary
Bill S00076, known as the 'Campaign Finance Intermediary Disclosure Act', aims to enhance transparency in political contributions by regulating the activities of intermediaries involved in the contribution process. The bill defines an intermediary as any individual or entity that delivers or solicits contributions on behalf of a candidate or political committee. It mandates that intermediaries report specific information about contributions they handle, including the contributor's name, address, and the amount contributed. Additionally, candidates and committees receiving contributions through intermediaries must report details about the intermediaries themselves, ensuring accountability in the campaign finance system.
Impact
The bill amends the New York election law to introduce new reporting requirements for intermediaries and the candidates or committees they represent. This change is expected to strengthen the regulatory framework surrounding political contributions, making it harder for undisclosed or illicit contributions to influence elections. By requiring detailed reporting, the bill aims to provide voters with clearer information about the sources of campaign funding, thus enhancing the integrity of the electoral process.
Sentiment
The general sentiment surrounding Bill S00076 appears to be supportive among those advocating for campaign finance reform and transparency in political contributions. However, there may be concerns from some political operatives and organizations about the increased administrative burden and potential impacts on fundraising activities. As the bill has not yet been voted on, the full extent of sentiment will become clearer as it progresses through the legislative process.
Contention
Notable points of contention may arise from political committees and candidates who rely on intermediaries for fundraising, as they may view the additional reporting requirements as cumbersome. Some may argue that the bill could deter individuals from participating in the political process by making it more complex. Conversely, advocates for transparency and accountability in campaign finance are likely to support the bill, arguing that it is necessary to prevent corruption and ensure fair elections.
Same As
Regulates political contribution activities by intermediaries; requires disclosure of certain identifying information when certain contributions are made by an intermediary to a candidate or a committee.
Regulates political contribution activities by intermediaries; requires disclosure of certain identifying information when certain contributions are made by an intermediary to a candidate or a committee.
Regulates political contribution activities by intermediaries; requires disclosure of certain identifying information when certain contributions are made by an intermediary to a candidate or a committee.
Regulates political contribution activities by intermediaries; requires disclosure of certain identifying information when certain contributions are made by an intermediary to a candidate or a committee.
Regulates political contribution activities by intermediaries; requires that when contributions made by an intermediary to a candidate or a committee are over $1,000, the name, occupation and address of each contributor shall be disclosed.
Clarifies and strengthens disclosure requirements for certain complimentary tickets received by candidates, officeholders, political party officials, political committees and continuing political committees.
Requires State Investment Council report certain information quarterly; requires council's regulations addressing political contributions apply to federal or national committees and non-State political committees.
Limiting contributions under the campaign finance act made to political committees for the purpose of independent contributions and requiring the accounting, reporting and auditing of such independent contributions.
Authorizes the "Child Care Contribution Tax Credit Act", the "Employer-Provided Child Care Assistance Tax Credit Act", and the "Child Care Providers Tax Credit", relating to tax credits for child care