New York bill S07883 amends election law to prohibit certain political contributions and loans by corporations and organizations, and considers.

New York bill S07883 amends the election law to restrict political contributions and loans from certain organizations. Specifically, it prohibits contributions, loans, loan guarantees, or securities for loans from corporations, limited liability companies, limited liability partnerships, or partnerships, except in the regular course of the lender's business. Additionally, it mandates that loans made to candidates or political committees must be repaid by the date of the primary, special, or general election, or they will be treated as contributions.

New York bill S07883 amends election law to prohibit certain political contributions and loans by corporations and organizations, and considers.

New York bill S07883 amends the election law to restrict political contributions and loans from certain organizations. Specifically, it prohibits contributions, loans, loan guarantees, or securities for loans from corporations, limited liability companies, limited liability partnerships, or partnerships, except in the regular course of the lender's business. Additionally, it mandates that loans made to candidates or political committees must be repaid by the date of the primary, special, or general election, or they will be treated as contributions.