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Bill

S 6354

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 Leroy Comrie

Requires NYC agencies to bar contracts with LLCs that do not disclose their business members, boosting transparency in city procurement.

REFERRED TO CITIES 1
0
WeVote Research Nonpartisan
Bill Summary · S 6354

Summary of Senate Bill S 6354

Overview

Senate Bill S 6354 would prohibit New York City city agencies from contracting with a limited liability company (LLC) unless the LLC discloses the names of its business members. The measure aims to increase transparency in ownership of entities seeking to do business with city government.

Key Provisions

  • Prohibition: City agencies would be barred from awarding contracts to an LLC that fails to disclose the names of its business members.
  • Disclosure Requirement: The bill would require LLCs seeking NYC contracts to reveal the names of their business members as a condition of eligibility.
  • Scope: Applies specifically to city agencies within New York City. The bill text does not specify exemptions beyond the disclosure condition.

Note: The available summary does not provide definitions for terms such as “business members” or the precise process for disclosure and verification, nor does it outline penalties or enforcement mechanisms. If enacted, these details would be specified in the bill’s text and any implementing regulations.

Affected Parties

  • Affected entities: Limited liability companies seeking to contract with New York City city agencies.
  • NYC city agencies: Would be responsible for enforcing the disclosure requirement and restricting contracts with LLCs that do not comply.
  • Other stakeholders: Potentially beneficial owners, contract bidders, and private sector partners engaged in NYC procurement.

Procedural History

  • Introduced: March 11, 2025.
  • Status: Referred to the Cities Committee (Cities 1) on March 11, 2025.
  • Legislative Actions: The record lists two identical entries noting the referral to Cities 1 on the same date.
  • Companion/Bicameral Note: A companion bill exists in the Assembly, A 2519, indicating parallel consideration in another house.

Sponsorship

  • Primary Sponsor: Leroy Comrie.

Related Legislation

  • A 2519 (companion bill in the Assembly). The parallel measure suggests a coordinated effort to address LLC ownership disclosure in NYC procurement across both houses.

Potential Implications

  • Transparency: If enacted, the bill would enhance visibility into who ultimately owns or controls LLCs contracting with NYC, potentially reducing use of opaque ownership structures.
  • Compliance and Bidding: LLCs may need to adjust their registration, disclosure practices, and due diligence processes to comply with the new requirement.
  • Privacy and Administrative Burden: The measure could raise privacy considerations for owners and increase administrative requirements for bid submissions and contract eligibility.

This summary reflects the bill’s stated purpose and the information available from the legislative record as of the referred status. For a full understanding, reviewing the full bill text and any amendments would be necessary.

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

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