NYC Council Introduction 952

intro.nyc/0952-2024 2024-2025 Legislative Session
Verification of intermediated contributions to candidates for election and contributions requiring contribution cards.
Status: Laid Over in Committee Committee on Governmental Operations, State & Federal Legislation
Sponsored by Lincoln Restler
Introduced: June 6, 2024

This bill would require the Campaign Finance Board (the Board) to verify contributions to election campaigns directly with contributors when any contribution or contributions from any one contributor are, in the aggregate, greater than $50 and were made through an intermediary or through means that require contribution cards. Such contributions would not be eligible for public funds matching until they have been verified by the Board, unless they are reported close in time to the election date. A candidate who failed to respond within 30 days to requests for information from the Board relating to specific contributions, intermediaries, or possible intermediaries would lose eligibility for public matching of contributions.