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A 2519

Prohibits city agencies in New York city from contracting with a limited liability company unless such limited liability company discloses the names of the business members

2025 Regular Session Introduced by William Colton

Requires NYC agencies to contract only with LLCs that reveal their members’ identities, boosting procurement transparency and enabling proper due diligence.

REFERRED TO CITIES
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Bill Summary · A 2519

Summary of Assembly Bill A 2519 (2025)

Overview

  • Bill number: A 2519
  • Title: Prohibits city agencies in New York City from contracting with a limited liability company unless such limited liability company discloses the names of the business members
  • Purpose: To increase transparency in New York City contracting by requiring LLCs to reveal the identities of their members as a condition of securing city contracts.
  • Sponsor: William Colton (primary)
  • Status: REFERRED TO CITIES
  • Introduced: January 17, 2025
  • Related bills: A 7416 (prior-session), A 1759 (prior-session); S 6354 (companion)

Purpose and Intent

The bill seeks to ensure greater visibility into ownership and control of LLCs that seek to do business with New York City agencies. By mandating disclosure of the LLC’s members, the measure aims to:
- Promote accountability in procurement
- Reduce use of anonymous or opaque ownership structures in city contracting
- Facilitate diligence and vetting of bidders by city agencies

Key Provisions (as described)

  • Prohibition: NYC city agencies would be prohibited from contracting with a limited liability company that does not disclose the names of its business members.
  • Disclosure obligation: An LLC bidding for or entering into a contract with a city agency must disclose the names of its members to the contracting authority.
  • Scope: Applies specifically to contracts entered into by New York City city agencies with LLCs.
  • Enforcement/penalties: The provided material does not specify penalties or enforcement mechanisms; the exact enforcement framework would be determined in the bill’s text.

Entities Affected

  • Directly: Limited liability companies seeking or holding contracts with New York City city agencies.
  • Indirectly: City agencies responsible for procurement and contracting; potential impact on bid processes and due diligence requirements.
  • Other business forms (e.g., corporations, partnerships not organized as LLCs): Not explicitly addressed by the measure as described.

Procedure and Timeline

  • Legislative path: The bill has been introduced and referred to the Committee on Cities (REFERRAL TO CITIES). No further action date is provided in the current summary.
  • Companion and related bills: Senate companion S 6354 exists, suggesting parallel consideration in the Senate.

Potential Impact

  • Transparency and due diligence: Likely increases transparency around ownership, aiding background checks and governance reviews.
  • Compliance considerations: LLCs would need to prepare and submit member-disclosure information as part of procurement processes.
  • Access and competitiveness: Could affect smaller or multi-member LLCs with privacy concerns; potential changes to eligibility for city contracts.
  • Administrative burden: May require updates to contracting forms and procurement procedures to collect and verify disclosed information.

Notes

  • The exact definitions (e.g., who qualifies as a “member”) and the specific disclosure format, timing, and penalties are not specified in the summary provided. The full text of the bill would clarify these details and any exceptions or transitional provisions.

Compiled from official sources — confirm details with the bill’s official record.

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