New York A06244 amends the election law to prohibit corporations from making Schedule B contributions on campaign finance filings.

New York A06244 amends the election law by modifying Section 14-116 to prohibit corporations from making Schedule B contributions on campaign finance filings. This change restricts corporations and organizations financially supported by corporations, limited liability companies, or other corporate entities from making contributions for political purposes. The bill also stipulates that no contribution, loan, loan guarantee, or other security for such a loan from any corporation, other than in the regular course of the lender's business, shall be accepted by a candidate or political committee.

New York A06244 amends the election law to prohibit corporations from making Schedule B contributions on campaign finance filings.

New York A06244 amends the election law by modifying Section 14-116 to prohibit corporations from making Schedule B contributions on campaign finance filings. This change restricts corporations and organizations financially supported by corporations, limited liability companies, or other corporate entities from making contributions for political purposes. The bill also stipulates that no contribution, loan, loan guarantee, or other security for such a loan from any corporation, other than in the regular course of the lender's business, shall be accepted by a candidate or political committee.