NYC Council Introduction 1497

intro.nyc/1497-2025 2024-2025 Legislative Session
Annual disclosure of financial interests by certain officers and employees of the city.
Status: Committee Committee on Governmental Operations, State & Federal Legislation
Sponsored by Lincoln Restler
Introduced: December 4, 2025

This bill would amend the annual disclosure law to affect the bands a New York City officer, employee, candidate for office, or political party official selects when disclosing anything with a monetary value or amount. There are currently seven bands one may choose from when it comes to disclosure. The bill would set these bands to $1000 to $5000, $5000 to $64,000, $64,000 to $150,000, $150,000 to $250,000, $250,000 to $500,000, $500,000 to $1,000,000, and any amount over $1,000,000. While the bill may have an effect on which band an officer or employer discloses in, it does not affect the number of people who must disclose, nor does it affect which people must disclose.