Sentences with phrase «llc loophole»

The reforms include limiting lawmakers» outside income, closing the LLC loophole in campaign donations, and clearly identifying the purpose for, and recipients of, all state funds allocated to be spent at the discretion of legislators and the governor.

That's meant that the so - called LLC loophole — an industry favorite that allows property owners and other private interest groups to pour unlimited amounts of cash into political campaigns though multiple limited liability companies — has remained in place.

Limiting outside income, passing pension forfeiture, more disclosure, more transparency, closing the LLC loophole.

He voted for pension forfeiture and increasing penalties for law - breakers, but also wants to eliminate legislators» outside income, close the LLC loophole, reform campaign financing and provide district attorneys with more tools to prosecute corrupt politicians.

Legislators must act now to close the LLC loophole created by the board of elections.

The budget also includes an end to the LLC loophole, pension forfeiture for legislators convicted of abusing their office, and increased transparency measures.

While the Assembly Democratic majority has voted to repeal the LLC loophole, the Senate Republican majority has defended it, arguing that Democrats already have inherent advantages due to their support from public - sector unions.

He believes in public campaign financing, term limits, banning outside income, and closing the LLC loophole that allows interest groups to avoid contribution limits.

Horner wants to see a new ethics watchdog where «the appointees aren't captives,» a bill to restrict legislators» outside income, and legislation to end the LLC loophole.

Senator Squadron and Assembly Member Kavanaugh sponsored legislation to close the LLC loophole, and they have been vigorously backed by Senators Liz Krueger, Brad Hoylman and Jose M. Serrano.

Recently, reform efforts have focused on a particularly silly rule, called the LLC loophole.

ALBANY, N.Y. (AP)-- New York's Board of Elections has split along party lines on closing the so - called «LLC loophole» in campaign finance rules, leaving it intact.

«He should tell Glenwood their kind of business is not welcome in Albany, he should reveal his emails with Glenwood and [its head] Leonard Litwin and say enough is enough on the LLC loophole,» said Teachout.

And that's what I'm going to keep doing, until the LLC loophole is closed.

Senate Democratic Leader Andrea Stewart - Cousins, other Democratic Senators, and advocates, press for bill closing LLC loophole Monday

The LLC loophole was created by the Board of Elections in 1996, and has allowed special interests to spend tens of millions of dollars since.

As published in Our Town Op - Ed: Close the LLC Loophole By Bessie Schachter Since I was elected to the New York State Democratic Committee last September, I've tried to schedule regular meetings with East Siders.

In additional to the pension provisions, the governor said he would work to advance constitutional amendments to limit outside income, impose term limits for elected officials and advance legislation that would close the so - called «LLC loophole» that allows LLCs to give large sums of money to political campaigns.

Pokalsky says closing the LLC loophole would give an unfair advantage to unions, who would not have limits on their contributions to candidates.

But for now, an easy step to more democratic elections would be closing the LLC loophole.

Sen. Dan Squadron, who is the sponsor of the bill to close the LLC loophole, says he believes that if both houses of the legislature passed the measure, the governor would sign it.

A spokesman for the governor, Rich Azzopardi, said in a statement, «The governor supports and will continue to fight for closing the LLC loophole.

I call on the Legislature to close the LLC loophole this year.

For years we have discussed and I have proposed closing the LLC loophole.

Schneiderman defended himself — and Cuomo — for calling for closure of the LLC loophole and then turning around and using it to raise campaign cash by saying that unilateral disarmament is «not the right answer» and has «not worked traditionally.»

I hope we see closing of the LLC loophole and a stipulation that any interest that does business with NY State can not make a political contribution!

He «made ample use of the LLC loophole that enables contributors to get around the campaign finance limits» yet he is the better candidate for reform?

Sen. Daniel Squadron to Sen. Michael Ranzenhofer, chair of the chamber's Corporations Committee: My bill to close LLC loophole is pending in your committee, when will it be taken up?

But he was clear in his opposition to limiting contributions from lobbyists, placement agents and others who do business with the state and also to closing the so - called LLC loophole.

The groups said the failure to address outstanding issues — like closing the LLC loophole in the campaign finance law, which is now the subject of a lawsuit by some of the same entities — is «indefensible» and «shockingly irresponsible», and the governor should demand the Legislature's speedy return to Albany.

The LLC loophole came about from a 1996 ruling by the state Board of Elections that allowed LLC's to give $ 150,000 annually to New York campaigns because it recognized them as individuals rather than corporations.

What is notable is what is not in the agreement — legislative compensation overhaul, desperately needed stronger ethics enforcement with greater public transparency of votes, comprehensive campaign finance reform with public financing that closes the LLC loophole and bans all personal use of campaign funds, strong disclosure and accountability for all executive and legislative discretionary lump sum funds, and a commitment to undertake the necessary examination and full - scale overhaul of our ethics and campaign finance laws.

Instead, he's been able to benefit from the so - called «LLC Loophole» to get rent - free office space in Midtown.

«I don't think... anyone in good faith could leave Albany until we get things done, like at least the pension forfeiture bill which we agreed to last year — which still hasn't been passed — the LLC loophole, which is just an obvious anomaly that could be passed easily, in my opinion, which would at least reflect the sense of the people that this has been a wholly unprecedented year in terms of investigations of legislators,» the governor said after speaking at a minimum wage rally outside the Capitol.

The Assembly has already approved a bill to close the LLC loophole.

What is an LLC loophole?

This past spring, I co-sponsored key legislation that the New York State Assembly passed with strong bipartisan support that would close the LLC loophole (A.6975 - B).

The LLC Loophole is the main way that real estate companies like Glenwood Management, a major player in both the Skelos and Silver scandals, have given millions of dollars to political campaigns despite contribution limits on individuals and corporations.

To counter the large deficit, Gibson on Tuesday proposed a candidate - imposed ban on using New York's LLC loophole to raise large sums of money from well - heeled donors.

The practice, known as the «LLC Loophole,» is legal.

On May 24, Cuomo offered an «a la carte menu» of bills to close the LLC loophole, and dared lawmakers to pass as many of them as they pleased.

Thus, the LLC loophole is a clear violation of the intent of campaign finance law, which is to provide transparency and to limit big money's unseemly influence on campaigns.

In a press conference before the start of the session, Horner and leaders from Common Cause and Citizens Union called on lawmakers to sign a «Clean Conscience Pledge» in support of a set of reforms, including a ban on outside income, greater transparency in the allocation of discretionary funds and closure of the LLC loophole.

Strong ethics reform that closes the LLC loophole, increases penalties on officials who break the rules and gives stronger independence to the ethics board.

Last month, Gov. Andrew Cuomo announced eight proposals — one for each of the state's political offices — to close the so - called LLC loophole, including capping LLC contributions to state officials at $ 5,000.

The LLC loophole is now a major issue, with increasing pressure from good government groups, newspaper editorial boards and reform - minded lawmakers - like state Senator Daniel Squadron, who, along with colleagues and other allies, just released a report on the loophole.

(A ban on outside income and eliminating the so - called LLC loophole, however, didn't pass the sniff test.)

The hope of all hopes was that perhaps public outrage would move lawmakers to close the LLC loophole, «maybe level the playing field so we would have a shot against the real estate industry.

The New York Public Interest Research Group's Blair Horner says a law is not actually required for closing the LLC loophole.

Common Cause Executive Director Susan Lerner renewed her group's call for closing the LLC loophole and restricting the size of donations to the accounts.