Sentences with phrase «allows limited liability companies»

Cuomo says he wants lawmakers to act on a measure to forfeit the pensions of legislators convicted of felonies, and close a campaign finance loophole that allows Limited Liability Companies to circumvent contribution limits.

The LLC loophole — based on a 1996 Board of Elections decision — allows limited liability companies to give up to $ 150,000 a year in aggregate donations to political candidates.

Details about the governor's proposal, due to be unveiled in next week's State of the State address, are not known, but are likely to include requiring more disclosure and regulations regarding outside income, and another promise to push to seal the so - called L.L.C. loophole, which allows limited liability companies almost unchecked ability to donate money to candidates.

Governor Cuomo in his budget proposed limiting lawmakers» outside income, closing a campaign finance law loophole that allows Limited Liability Companies to circumvent donor limits, and cancelling the pensions of elected officials convicted of a felony.

He says he's trying to press the Legislature to agree to changes, and has even released eight different versions of a bill to end a campaign finance loophole that allows limited liability companies to skirt donation limits.

In his budget, Cuomo proposed limiting lawmakers» outside income, closing a campaign finance law loophole that allows limited liability companies to circumvent donor limits, and canceling the pensions of elected officials convicted of a felony.

Their priorities: closing the campaign finance loophole that allows limited liability companies to donate like individuals, rather than businesses; limiting legislators» ability to earn money for jobs held outside the Legislature; and making the state budget process more transparent.

Kaminsky announced Monday he would back a pledge that vowed to back closing the loophole in state election law that allows limited liability companies to give unlimited donations as well as limit outside income for state lawmakers and curtail the use of discretionary spending in the budget.

On campaign finance reform, Cuomo again this year said he wanted to close the LLC loophole, which allows limited liability companies to donate to campaigns under the same provisions to which individuals, providing virtually unlimited opportunities for entities to donate cash.

Miner said she would like the close the «LLC loophole,» which allows limited liability companies to donate as individuals, which can be thousands of more dollars than a company is able to donate.

The Assembly Democrats are once again proposing closing a loophole in campaign finance laws that allows Limited Liability Companies to skirt donation limits for corporations and individuals.

The groups urged bans on a pay - to - play culture in Albany to limit political donations by firms seeking state contracts, closing a loophole heavily used by Cuomo and others that allow limited liability companies to skirt donation limits to politicians by private companies, creation of «truly independent» ethics oversight agencies, a public, searchable database of state economic development deals and creation of «clean contracting» systems to govern awards of state contracts.

Critics also note the new law won't close a loophole allowing limited liability companies to circumvent campaign finance rules.

The LLC loophole, which grew from a controversial 1996 state Board of Elections ruling, allows each limited liability company owned by a developer to give up to $ 150,000 annually to New York campaigns, the same amount an individual can give.

In a statement, Kaminsky said he would immediately push to ban state lawmakers from earning outside income and to close a «loophole» allowing limited liability companies to contribute to campaigns.

Limits on the so - called loophole for limited liability companies, which allow limited liability companies to have much higher campaign contributions than other businesses.

Not exact matches

A letter to Gov. Andrew Cuomo this signed by the women of color in the state Assembly urged him to push for the adoption of early voting and the closure of the loophole in election law that allows for unlimited donations through a web of limited liability companies.

Back in Albany, Senate Democrats today made a renewed push for the closure of a loophole that allows single donors to give unlimited funds through a web of limited liability companies.

Squadron has a bill that would close the loophole, which allows individuals to contribute virtually unlimited amounts of money to a campaign by funneling it through a limited liability company.

Many of the measures were listed on Cuomo's 2018 State of the State agenda, including closing a loophole in election law that allows for unlimited political donations through a network of limited liabilities companies, as well as early voting.

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.

They both want to close a loophole in state campaign finance laws that allows donors to use limited liability companies, or LLCs, to skirt donation limits.

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.

But limited liability companies — businesses that share attributes of corporations and partnerships — are allowed to give up to $ 60,800 to a statewide candidate per election cycle and up to $ 150,000 a year to candidates and committees overall.

Horner, with NYPIRG, says the testimony illustrates the need to clean up New York's campaign finance laws by setting stricter caps on contributions and eliminating a loophole that allows donors to use LLCs or limited liability companies, to skirt existing donor limits.

He has also proposed closing the so - called limited liability company loophole that allows contributors to skirt maximum political donation limits; and enacting procurement reforms aimed at safeguarding against corruption.

Most notoriously, the» LLC loophole» allows anonymous donors to contribute again and again via Limited Liability Companies.

But a loophole allows companies to create unlimited amounts of limited liability corporations known as LLCs that can each give up to $ 150,000 in campaign donations.

The loophole allows donors to skirt limitations on individual campaign contributions by donating anonymously through one or more limited liability companies.

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.

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.

Horner's group and other reformers also want to close a loophole that allows companies to skirt contribution limits by forming Limited Liability Corporations and giving, in some cases, millions of dollars to candidates.

And Gaughran wants to close the loophole in election law that allows unlimited donations through limited liability companies.

In an open letter released on Tuesday, Gipson called for a special session to deal with ethics and campaign finance legislation, namely the closing of the loophole in state election that allows for unlimited donations to flow from a web of limited liability companies.

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 has previously called for an end to the so - called loophole in election law that allows unlimited donations through limited liability companies as well as limits to the amount of money state lawmakers can earn outside of public service.

Lawmakers later today will consider a bill that would close the so - called LLC loophole, a provision in the state's campaign finance regulations that allows single donors to contribute well above the legal limit to campaigns and political causes through a web of limited liability companies.

Gov. Andrew Cuomo is set to propose legislation that would allow the state to aggressively go after wage theft, holding the top 10 officials from out - of - state limited liability companies personally financially liable for unsatisfied judgments for unpaid wages.

They include closing a loophole that allows donors to skirt campaign funding limits by forming multiple limited liability companies, as well as the public financing of campaigns.

During the legislative session that's slated to end Wednesday, groups backed by some of the same unions have ramped up attacks against state Senate Republicans for refusing to close another quirk in campaign finance law, the so - called «LLC loophole,» that allows real estate interests to use limited liability companies to vastly multiply the power of their giving.

The reforms include closing a loophole that allows donors to form limited liability companies and bypass rules that set caps on donations to candidates.

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.

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.

Eighty - four percent would back term limits for lawmakers and 79 percent back term limits for state elected officials; 77 percent support ending the practice of limited liability companies giving unlimited funds to campaigns; 74 percent back allowing initiative and referendum on the ballot; 65 percent support banning full - time employment for the Legislature.

Cuomo released bills to close the loophole that allows donors to skirt campaign contribution limits by setting up limited liability companies, but those bills were rejected by the Senate.

The bills would, among other things, establish a public campaign financing system and close a loophole that allows campaign contributors to skirt donation limits by setting up multiple LLCs or limited liability companies.

They include closing a loophole that allows donors to skirt campaign funding limits by forming multiple Limited Liability Companies, as well as the public financing of campaigns.

Cuomo once again called for the closing of a campaign donation loophole that allows groups and individuals to sue limited liability companies to skirt donation limits.

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.