Among the Assembly's Election Law reform measures is legislation (A.6975 - C, Kavanagh) to close the LLC loophole by requiring that campaign
contributions from a Limited Liability Company not exceed $ 5,000, which currently is the standard limit for contributions made by corporations.
Meanwhile, a closer look at Nixon's website reveals that while she won't accept contributions from corporations, her campaign will still accept
money from limited liability companies, political action committees, unincorporated unions and unincorporated trade associations.
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.
Two months after Cynthia Nixon's gubernatorial campaign said that it would welcome donations
from limited liability companies, a campaign spokesperson said that is not and has never been the case.
The Reform Party, a ballot line formed last year by Republican gubernatorial nominee Rob Astorino, filed its first campaign finance report since it was rechristened this election season, showing a single, massive donation
from a limited liability company.
ALBANY — Two months after Cynthia Nixon's gubernatorial campaign said that it would welcome donations
from limited liability companies, a campaign spokesperson said that is not and has never been the case.
The latter figure includes $ 9.1 million
from limited liability companies.
Republican Westchester County Executive Rob Astorino on Monday in a radio interview insisted he knew little about the single, $ 107,900 donation to his newly constituted Reform Party ballot line that was
from a limited liability company.
The money came from the Senate Republican Campaign Committee, which collected
it from limited liability companies at glamorous Manhattan addresses, including Hawthorn Park, a 339 - unit luxury tower with sweeping views of the Hudson River, as well as The Fairmont, The Encore and The Pavilion — all high - end rental towers.
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.
Some Democratic insiders expressed surprise Nixon would accept money
from limited liability companies — even if she's capping how much they can give — since progressives have ripped Cuomo for exploiting that loophole.
Campaign contributions
from limited liability companies (LLCs) factored heavily in the corruption cases against both former leaders of the legislature.
The mayor of Syracuse will voluntarily forego campaign contributions
from limited liability companies and is urging state lawmakers to close a much - criticized campaign finance loophole.