The rules vary at the state level — at least six states
allow unlimited contributions from all types of donors, while others ban donations from corporations and other businesses entirely.
Cuomo normally prefers to negotiate quietly with legislative leaders on proposals before actually writing legislation, but this time he's penned eight different versions of a bill to close the campaign donation loophole that
allows unlimited contributions from limited liability companies and he's presented it to the legislature.
Cuomo normally prefers to negotiate quietly with legislative leaders on proposals before actually penning legislation, but this time he's written eight different versions of a bill to close the campaign donation loophole that
allows unlimited contributions from limited liability companies (LLCs), and he's presented it to the legislature.
Not exact matches
Longtime League of Women Voters lobbyist Barbara Bartoletti expressed frustration at the lack of action on items including closing a giant campaign finance loophole that
allows big money donors to make
unlimited contributions to candidates by setting up multiple Limited Liability Companies.
Soft money accounts, known as «housekeeping» committees,
allow political groups to raise
unlimited contributions in support of generalized, party - building actions.
He also passed the Assembly bill to close the «LLC Loophole,» which
allows almost
unlimited, often virtually anonymous
contributions to flow from businesses to politicians, and championed other reforms to campaign finance laws.
A coalition of groups on Monday urged the state Board of Elections to prohibit the practice of
allowing individual donors to give
unlimited campaign
contributions through a network of limited liability corporations.
The state Business Council on Wednesday urged the Board of Elections in a letter to not end what in effect has been a regulation
allowing unlimited campaign
contributions through LLCs.
«However, I will not unilaterally disarm and
allow my opponent to pour
unlimited contributions into his campaign while mine continues to accept less than half of what is permitted under current law.»
Connecticut tightened disclosure laws for political
contributions following the U.S. Supreme Court's Citizen's United Decision that
allowed unlimited spending by outside groups.
The loophole that
allows those controlling Limited Liability Companies to donate essentially
unlimited amounts of campaign
contributions is an example of the loophole that swallows the law.
Close the «LLC» Loophole, which
allows an individual to make an essentially
unlimited number of political
contributions via the Limited Liability Companies they control — a common tactic of real estate moguls.
However, since there is no limit on the number of LLCs a corporation or an individual may create, it effectively
allows unlimited campaign
contributions.
On ethics, Cuomo proposed requiring state lawmakers to seek an advisory opinion on any outside income and closing an election - law loophole that
allows companies to skirt
contribution maximums by forming an
unlimited number of subsidiaries to channel donations.
Cuomo's prescriptions in his 2016 State of the State speech included closing a legal loophole that lets campaign donors funnel
unlimited sums to candidates through limited - liability companies; requiring office holders to report campaign
contributions every 60 days instead of twice a year;
allowing lawmakers to earn no more than 15 percent of their legislative salaries in private - sector work; and adopting a system of voluntary public campaign financing similar to what New York City has.
Cuomo wants to close a loophole in election law that
allows for
unlimited contributions through LLCs, as well as a bill to block those convicted of corruption from receiving pension benefits through a constitutional amendment's first passage.
The American Majority Project (AMP) is the new kid on the block, a 527 group — meaning it is
allowed by law to accept
unlimited contributions — formed in recent days with the backing of Republican heavyweights such as former Florida governor Jeb Bush and an advisory board that includes former congressman Robin Hayes (N.C.), former Republican National Committee chairman Mike Duncan and GOP superlawyer Ben Ginsberg.
Mr. Cuomo's office had no immediate response to the proposal, which also included a plan to close the so - called L.L.C. loophole, which
allows corporate interests to spend almost
unlimited amounts of money on campaigns by channeling
contributions through limited liability companies, which can be designed to provide little transparency.
The groups are seeking major changes in the wake of the arrest and conviction of the two majority party legislative leaders, including banning or strictly limiting outside income, and closing loopholes in the campaign finance system that in some cases
allow for
unlimited contributions.
This bizarre legal loophole
allows essentially
unlimited contributions to state political campaigns by
allowing people to make
contributions via an
unlimited number of Limited Liability Corporations, or shell companies.
They are exploiting changes to campaign laws and regulations that have
allowed wealthy individuals and businesses to pool
unlimited contributions into super PACs that in turn have inundated the airwaves with negative advertisements.
They are
allowed to take
unlimited contributions from corporations, unions and individuals.
While there are limits on direct donations, New York law has a loophole to
allow for
unlimited contributions to «housekeeping accounts,» which are supposed to be restricted to party - building and maintenance efforts.
The state needs to close damaging loopholes that
allow unlimited donations for party slush funds or that
allow the creation of multiple limited liability corporations to evade
contribution limits.
«We must replace the public embarrassment of existing campaign financing laws, which
allow enormous
contributions and
unlimited expenditures, with a system of reasonable limits that levels the playing field and ensures that meritorious candidates are not discouraged by the costs of running for public office.»
Last year Flanagan successfully blocked any action reforming the LLC loophole that
allows corporations to make
unlimited campaign
contributions.
Longtime League of Women Voters lobbyist Barbara Bartoletti expressed frustration at the lack of action on items, including closing a giant campaign finance loophole that
allows big money donors to make
unlimited contributions to candidates by setting up multiple limited liability companies.
Campaign finance reform is currently a hot button issue in the New York State Legislature where a bill to close the LLC loophole, which
allows unlimited campaign
contributions to individuals and parties through multiple LLCs, has languished in the state Senate.
Good government groups see the pension forfeiture measure as a token reform and have pressed for the closing of the «LLC loophole» that
allows businesses to create multiple limited liability companies to donate virtually
unlimited amounts of campaign cash; public financing of candidate campaigns; the end of lump sum appropriations in the budget; limits on political
contributions by companies with business before the state; limits on legislators» outside income; and a renovation of Albany's ethics watchdog, the Joint Commission on Public Ethics (JCOPE).
From the rapid populist changes in the Middle East's Arab Spring to the Citizen's United decision of the Supreme Court that
allows unlimited political
contributions by corporations and so - called plutocrats here at home, democracy is a central topic of our time.