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Bill

A 463

Relates to posting financial disclosure filings for candidates for statewide elected office or candidate for a member of the legislature

2025 Regular Session Introduced by John McDonald and 2 co-sponsors

Requires public online posting of financial disclosures by statewide and legislative candidates to boost transparency and give voters easier access.

PRINT NUMBER 463B
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WeVote Research Nonpartisan
Bill Summary · A 463

Summary — A.463 (Print Nos. 463A / 463B)

Relates to posting financial disclosure filings for candidates for statewide elected office or candidate for a member of the legislature

Main purpose / intent

A.463 would increase public transparency by requiring that financial disclosure statements filed by (1) candidates for statewide elected office and (2) candidates for the State Legislature be posted and made accessible to the public. The bill is intended to make candidate financial disclosures more readily available online so voters and watchdogs can review potential conflicts of interest during campaigns.

Key provisions (high-level)

The bill title and legislative history indicate the bill’s core effect is to change how candidate financial disclosure filings are published. While the printed bill text (Print Nos. 463A and 463B) contains the exact statutory language, A.463 generally would:

  • Require financial disclosure filings that candidates currently submit under existing law to be posted publicly (typically on a specified state website or by the relevant agency).
  • Apply specifically to candidates for statewide elected offices and members of the New York State Legislature (i.e., sponsors target both categories).
  • Set timing requirements for posting (e.g., within a specified number of days after filing) and may identify which office/agency is responsible for posting (likely the Board of Elections or the Legislative Ethics Bureau).
  • Preserve any existing exemptions or allow redaction of certain personal information required to be withheld (if included in the bill text).
  • Potentially specify enforcement, retention, or fee provisions for access — exact mechanisms are in the bill text.

Note: The public summary above is based on the bill title and legislative actions. For the precise obligations, posting timelines, scope of documents, redactions/exemptions, and enforcement language, consult the full text of Print Nos. 463A and 463B.

Who would be affected

  • Candidates for statewide elected office (e.g., governor, attorney general, comptroller) and candidates for the State Legislature — they would have their filed financial disclosures publicly posted.
  • State agencies that administer candidate filings (likely the State Board of Elections and/or Legislative Ethics entities) — responsible for posting and maintaining disclosure records online.
  • Voters, journalists, advocacy groups, and ethics monitors — gain more convenient access to candidate financial information.
  • Potential privacy concerns for filers may arise if sensitive information is included in disclosures; the bill may address redaction rules (see full text).

Procedural / timeline status

  • Introduced: January 8, 2025 (referred to Governmental Operations).
  • Print numbers produced: 463A (05/09/2025) and later 463B (06/02/2025).
  • Legislative actions on 2025-05-09 and 2025-06-02 show the bill was amended and recommitted to the Governmental Operations Committee; Print No. 463B is the most recent print.
  • Sponsors: Assemblymember Amy Paulin (primary); cosponsors include John T. McDonald III and Al Taylor.
  • Companion bill in the Senate: S.4857.

Potential impacts (summary)

  • Increased transparency and public access to candidate financial information.
  • Administrative work and modest costs for the agency hosting/posting documents (processing, redaction, web hosting).
  • Possible privacy trade-offs if sensitive personal details are publicly posted; the bill text will indicate mitigation (redactions/exemptions).
  • Easier scrutiny by media and watchdogs may influence campaign behavior and voter evaluation.

If you’d like, I can retrieve and summarize the specific statutory changes and exact posting/redaction/timing language from Print No. 463B.

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

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