Sentences with phrase «donor contribution limits»
The group also included a memo outlining its legal footing as well, noting that other states are already moving in the direction toward repeal of donor contribution limits.
http://www.nystateofpolitics.com/ Not exact matches
The candidates also raise money for their parties, enabling them to ask for contributions far higher than the $ 2,700 - per - donor limit to the campaigns.
NYC Comptroller John Liu insists he was «deceived» by a fundraiser charged with using straw donors to circumvent contribution limits, but the identification of a yet unnamed conspirator in the case could prove that assertion wrong.
Investigators looking into de Blasio's fundraising practices are now scrutinizing his 2013 campaign for possible straw donors, checking to see if they were either reimbursed for their contributions or given cash to pass along to the campaign in order to skirt the city's donation limits.
Since Murphy didn't make it the general election, she had to refund cash in excess of the primary contribution limit to some of her donors.
«For most offices, New York State's contribution «limits» are substantially higher than those of any other state that imposes limits, and they are so high as to ensure that large donors dominate major political campaigns and candidates spend as much time as possible raising money from donors rather than talking with voters about issues,» Cuomo said in the written version of the SoS.
Former Gov. Eliot Spitzer memorably imposed a $ 10,000 individual contribution limit on his own fundraising, but then encouraged donors to give to the state Democratic Party, which had no such contraints.
At the moment, a single campaign donor can give unlimited contributions through a network of limited liability companies or LLCs.
The rise of Super PACs in this election cycle has caused a lot of buzz and consternation, in part because they allow donors to avoid restrictions like contribution limits and reporting requirements while spending as much as they'd like to support their preferred candidates.
Cuomo, too, has talked about the importance of limiting big donors» access to government by limiting political contributions and creating a public campaign finance system — although he has yet to formally propose any legislation to accomplish that.
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.
Reinvent Albany Asks Charter Revision Commission to Better Disclose and Limit Contributions to City - Affiliated Nonprofits by Donors Doing Business with the City Recommends Commission Phase in Campaign Finance Reform Because of Unprecedented 2021 Election Activity Due to Term Limits Reinvent Albany delivered testimony to the mayor - convened New York City Charter Revision Commission this evening, calling -LSB-...]
Thursday's filings lay bare those donations and other jaw - dropping financial details of the first modern presidential campaign in which donors could give unlimited contributions for political ads and in which both major party candidates declined to participate in a Watergate - era public financing system designed to limit fundraising.
A Justice Department probe of the campaign alleges that Durand, a former business associate of Grimm, illegally reimbursed donors in order to evade legal contribution limits and funnel more money to Grimm's 2010 Congressional campaign.
The donors are either reimbursed for their contributions or given cash to pass along to the campaign in order to skirt the city's donation limits.
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.
The donors include George Soros and Time Warner Cable, who were legally able to skirt limits on direct contributions to Cuomo's individual campaign account.
A December report by the state's anti-corruption commission highlighted the problems with the current system: poor oversight, high contribution limits, and extensive loopholes for major donors.
Jenny Hou is accused of helping Liu's campaign skirt campaign finance laws by allegedly using straw donors to channel illegal contributions far above the legal limit into Liu's campaign coffers.
Sky - high contribution limits — $ 41,000 for statewide races in the general election — mean that candidates spend more time courting big donors, who in turn exercise disproportionate influence over policy - making.
If there is anything recent events have taught us, it's that we need to limit the outsized influence of wealthy corporate donors, who have been able to influence lawmakers by making virtually unlimited campaign contributions to candidates — often without even disclosing their identities.
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.
Right now, the state caps election - cycle contribution limits at $ 150,000 for an individual donor in a calendar year and $ 5,000 for corporations.
Broadly, NYPIRG notes the impact of the decision to suspend the state's $ 150,000 aggregate limit for contributions in an election cycle will have little impact, considering donors can skirt that through donations from a web of limited liability corporations.
The loophole allows donors to skirt limitations on individual campaign contributions by donating anonymously through one or more limited liability companies.
[20][21] The move allowed a few donors to give contributions far in excess of the legal limit to evade the cap that would have otherwise applied.
Contribution limits put a cap on how much a candidate can accept from single donors and vary depending on township.
But he said he has about $ 80,000 from donors whose contributions exceeded primary limits and are reserved for the general election.
NYPIRG and other reform groups say larger, more systematic issues need to be addressed, like closing a loophole that permits donors to skirt contribution limits by bundling money in limited liability corporations, or LLC's.
Some members donate funds to non-profits, charities, educational institutions, political parties, other candidates (within limits), or refund contributions to the original donors.
Some members donate the funds to non-profits, charities, educational institutions, political parties, other candidates (within limits), or refund contributions to the original donors.
DiNapoli has $ 2.1 million in the bank, so any existing contributions exceeding this limit will need to be refunded to donors or placed in a separate account that can't be touched during this election cycle.
He's made passing references to «wealthy donors» three times in his past five addresses, but goes all - in with that line of reasoning this time around: we have contribution limits to make sure elections «are not captured by wealthy public interests,» he says; «wealthy individuals and corporations are able to use Limited Liability Companies» to avoid these limits, so reform is needed «to even the playing field so that rich and poor New Yorkers alike have their voices heard.»
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.
It's a little hard to peg down the exact amount at this point because the party housekeeping accounts, which have no contribution limits and are thus the favored vehicles of deep - pocketed donors, are not required to file its next report until the middle of next month.
The Hedge Clippers report says that Cuomo's reelection campaign benefited from a loophole in New York campaign finance laws that allows wealthy donors, such as hedge fund executives, to exceed contribution limits by giving through multiple companies.
The federal probe is checking whether some donors to de Blasio's mayoral run were either reimbursed for their contributions or given cash to pass along to the campaign in order to skirt the city's donation limits, according to sources.
«Every year, hundreds of donors give more money than is allowed by state law that has highest limits of any state capping donation size; scores of candidates fail to disclose large contributions received in the run - up to Election Day; thousands of filings obfuscate the identity of donors or the purpose of expenditures through the inclusion of incomplete or incorrect information; and dozens of incumbent lawmakers spend campaign funds for what reasonable people would unanimously agree are non-campaign reasons,» the report found.
The legislation also limits campaign contributions across the board and requires more disclosure of donors.
Incumbents prefer high contribution limits, since it is generally easier for someone already in office to attract big donors than it is for challengers.
In addition, Schneiderman wants to limit the influence of large donors on campaigns by enacting public campaign financing and limiting contributions.
The board cited Lopez's campaign for infractions that included: failing to report all financial transactions, untimely filing of mandatory financial disclosure statements, and failing to provide canceled refund checks to donors who exceeded contribution limits.
«The Nonprofit Disclosure Provisions require donors to choose between making contributions over the dollar threshold — and thus face public disclosure of their names and addresses on a government website, subjecting them to whatever might result — and limiting or forgoing association with organizations they would otherwise support.
There are no contribution limits to housekeeping accounts, which allows donors to dump thousands of dollars toward party politics, he said.
She repeatedly mentions that the Ulster and Putnam committees didn't have a history of receiving large contributions from their donors in the fall of 2014 or getting involved in Senate races, which she views as signals that they were used as straw donors to evade contribution limits.
The federal filings also show Mr. Espaillat is supposed to pay back some $ 31,500 to 16 donors whose contributions exceeded the legal limit — including $ 5,000 owed to real estate developer Jona Rechnitz, the owner of JSR Capital.
The report recommended public financing of campaigns to limit big donors» influence, closing loopholes that allow companies to ignore current state contribution limits and toughening bribery penalties.
Hou and Pan are accused of using straw donors to funnel illegal contributions that are far above the legal limit into Liu's campaign chest.
A federal judge earlier this month shot down an effort to grant a preliminary injunction to the group that would have allowed donors to go over the $ 150,000 contribution limit in state law.
They add another idea not on Cuomo's list, banning the prevalence of LLC's or Limited Liability Companies, used as a loophole by campaign donors to skirt contribution limits.