A 3967 New York Assembly · 2025 Regular Session

Requires separate bank accounts for public financing campaign contributions and other campaign funds

This bill requires campaign committees that receive public financing to maintain two separate bank accounts: one exclusively for public campaign funds and another for all other campaign contributions. It directly affects political committees using public financing, mandating that these funds cannot be commingled with private donations. The key provision, added to election law, specifies that retained public funds and other campaign funds must be deposited in distinct accounts subject to standard disclosure rules. This change aims to clarify financial management but does not alter campaign contribution limits or other substantive election rules.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 30, 2025 Last action Jan 7, 2026
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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
2
Jan 7, 2026
Committee
REFERRED TO ELECTION LAW
lower
Jan 30, 2025
Committee
REFERRED TO ELECTION LAW
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Phil Steck
Phil Steck
DDemocratic
NY
110