Bill Text: NY A03279 | 2017-2018 | General Assembly | Introduced

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Bill Title: Enacts the "real time transparency act"; relates to campaign finance disclosure.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2017-12-15 - enacting clause stricken [A03279 Detail]

Download: New_York-2017-A03279-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          3279
                               2017-2018 Regular Sessions
                   IN ASSEMBLY
                                    January 27, 2017
                                       ___________
        Introduced by M. of A. KAVANAGH -- read once and referred to the Commit-
          tee on Election Law
        AN  ACT to amend the election law, in relation to enacting the real time
          transparency act
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1.  Short  title. This act shall be known and may be cited as
     2  the "real time transparency act".
     3    § 2. Subdivision 2 of section 14-108 of the election law,  as  amended
     4  by chapter 109 of the laws of 1997, is amended to read as follows:
     5    2.  Each  statement  shall  cover  the  period up to and including the
     6  fourth day next preceding the day specified  for  the  filing  thereof[;
     7  provided,  however, that any contribution or loan in excess of one thou-
     8  sand dollars, if received after the close of the period to be covered in
     9  the last statement filed before any primary, general or special election
    10  but before such election, shall be reported, in the same manner as other
    11  contributions, within twenty-four hours after receipt].
    12    § 3. Section 14-108 of the election law is amended  by  adding  a  new
    13  subdivision 2-a to read as follows:
    14    2-a. In addition to the statements required under subdivisions one and
    15  two  of this section, (a) If a political committee receives an aggregate
    16  amount of contributions equal to or greater than  one  thousand  dollars
    17  from  any  contributor during the period covered by a statement required
    18  by this article, the committee shall submit a notification to the  board
    19  of  elections  containing the name of the committee (and, in the case of
    20  an authorized committee of a candidate, the name of  the  candidate  and
    21  the office sought by the candidate), the identification of the contribu-
    22  tor, and the date of receipt and amount of the contributions involved.
    23    (b)  If, at any time after a political committee is required to submit
    24  a notification under this subdivision  with  respect  to  a  contributor
    25  during  the  period covered by a statement required by this article, the
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD02933-01-7
        A. 3279                             2
     1  political committee receives additional contributions from that contrib-
     2  utor during that  period,  the  committee  shall  submit  an  additional
     3  notification  under  paragraph  (a)  of this subdivision with respect to
     4  such  contributor  each  time  the  aggregate  amount  of the additional
     5  contributions received from the contributor during the period equals  or
     6  exceeds  one  thousand dollars (excluding the amount of any contribution
     7  for which information is required to be included in a previous notifica-
     8  tion under this subdivision).
     9    (c) The political committee shall  submit  the  notification  required
    10  under this subdivision with respect to a contributor:
    11    (i)  in  the case of a notification described in paragraph (a) of this
    12  subdivision, not later than forty-eight hours after the  date  on  which
    13  the  aggregate  amounts  of  contributions received from the contributor
    14  during the period covered by a statement required by this article  first
    15  equals or exceeds one thousand dollars; or
    16    (ii)  in the case of an additional notification described in paragraph
    17  (b) of this subdivision, not later than forty-eight hours after the date
    18  on which  the  aggregate  amount  of  contributions  received  from  the
    19  contributor  during  the  period covered by a statement required by this
    20  article for which information was not already included in a notification
    21  under this subdivision first equals or  exceeds  one  thousand  dollars;
    22  provided,  however, that any contribution or loan in excess of one thou-
    23  sand dollars, if received after the close of the period to be covered in
    24  the last statement filed before any primary, general or special election
    25  but before such election, shall be reported, in the same manner as other
    26  contributions, within twenty-four hours after receipt.
    27    (d) For purposes of this subdivision,  any  amount  transferred  by  a
    28  joint  fundraising  committee  which  is  established  by  an authorized
    29  committee of a candidate to  any  other  authorized  committee  of  that
    30  candidate  shall  be  treated as a contribution by the joint fundraising
    31  committee to such authorized committee.
    32    § 4. This act shall take effect January 15, 2019.