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  • Statement From Senate Democratic Leader Andrea Stewart-Cousins and Senator Daniel Squadron On LLC Loophole

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    New York State Senate Democratic Conference
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    The Senate Democratic leader and a senator criticized the Senate Republican majority for failing to include meaningful ethics reforms in the budget resolution, such as closing the LLC loophole. Closing this loophole would prevent limited liability companies from making large anonymous donations to political candidates. The Democrats said that if the government wants to regain the public's trust, it needs to implement serious ethics reforms, and they urged the Republican majority to work with them on reforms to clean up Albany.

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    03.16.16

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    Statement From Senate Democratic Leader Andrea Stewart-Cousins and Senator Daniel Squadron on LLC Loophole

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    The Senate Democratic leader and a senator criticized the Senate Republican majority for failing to include meaningful ethics reforms in the budget resolution, such as closing the LLC loophole. Closing this loophole would prevent limited liability companies from making large anonymous donations to political candidates. The Democrats said that if the government wants to regain the public's trust, it needs to implement serious ethics reforms, and they urged the Republican majority to work with them on reforms to clean up Albany.

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    46 views2 pages

    Statement From Senate Democratic Leader Andrea Stewart-Cousins and Senator Daniel Squadron On LLC Loophole

    Uploaded by

    New York State Senate Democratic Conference
    The Senate Democratic leader and a senator criticized the Senate Republican majority for failing to include meaningful ethics reforms in the budget resolution, such as closing the LLC loophole. Closing this loophole would prevent limited liability companies from making large anonymous donations to political candidates. The Democrats said that if the government wants to regain the public's trust, it needs to implement serious ethics reforms, and they urged the Republican majority to work with them on reforms to clean up Albany.

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    For Immediate Release: March 15, 2016

    Contact: Gary Ginsburg | ginsburg@nysenate.gov | 518-455-2415

    Statement From Senate Democratic Leader Andrea StewartCousins and Senator Daniel Squadron
    Once again the Senate Republican Majority missed the chance to make real reforms in Albany.
    The Senate budget resolution failed to include meaningful ethics reform initiatives, including
    closing the LLC loophole. Despite our state government being rocked by scandals and
    corruption, the Senate Republicans continue to refuse to take action to reform state government.
    Closing this loophole will simply bar limited liability companies (LLCs) from contributing vast
    sums of money, often anonymously, to candidates for state office and recognize these LLCs as
    corporations so they can be regulated as such. If state government ever expects to re-earn the
    publics trust, we need to implement serious ethics reforms and we urge the Senate Republican
    Majority to work with the Senate Democrats to finally clean up Albany.
    BACKGROUND:
    The Senate Democrats have led the fight to close the LLC loophole and will continue to
    push this reform until it is enacted.

    03.14.16 Senate Democratic Leader Andrea Stewart-Cousins remarks on the Senate


    Budget Resolution
    https://www.youtube.com/watch?v=E5KhdAWEG1c

    03.14.16 Senator Daniel Squadrons remarks on the Senate Budget Resolution


    https://www.youtube.com/watch?v=_s-TRsYg704

    04.27.15 - Senate Democratic Conference Calls For Passage Of Critical Ethics Reform
    To Close The LLC Loophole
    http://www.scribd.com/doc/263268502/Senate-Democratic-Conference-Calls-ForPassage-Of-Critical-Ethics-Reform-To-Close-The-LLC-Loophole

    03/31/15 - Senate Republican Majority Votes Against Meaningful Ethics Reforms


    Legislation: Democratic Conference Members Offered Initiative to Close LLC Loophole
    and Clean Up Albany
    https://www.scribd.com/doc/260533980/Senate-Republican-Majority-Votes-AgainstMeaningful-Ethics-Reforms-Legislation

    02/09/15 - Senate Democratic Conference Introduced The Clean Up Albany Legislative


    Package
    https://www.scribd.com/doc/255205271/Senate-Democratic-Conference-Introduce-TheClean-Up-Albany-Legislative-Package

    05/06/14 - Senate Democratic Conference Urges Immediate Action On Tough Ethics


    Package
    https://www.scribd.com/doc/222382517/05-06-14-Ethics-Reform-Bill-Package-Release
    ###
    Follow on Twitter at http://www.twitter.com/NYSenDems
    New York State Senate | DemocraticConferenceNews@nysenate.gov | 518-455-2415

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