Bill
A 3387
Overview: A 3387, Relates to the amount of matchable contributions under the public campaign financing program, REFERRED TO ELECTION LAW, Introduced: February 01, 2024Purpose and I
Overview: A 3387, Relates to the amount of matchable contributions under the public campaign financing program, REFERRED TO ELECTION LAW, Introduced: February 01, 2024
Purpose and Intent: This bill aims to increase the amount of matchable contributions under New York's public campaign financing program. The program provides public funds to eligible candidates to help finance their campaigns, with the goal of encouraging broader participation in the political process and reducing the influence of large donors.
Key Provisions:
- Increases the maximum amount of contributions that can be matched from $250 to $500 per contributor
- Raises the total amount of public funds a candidate can receive from 55% to 75% of the applicable spending limit
- Expands the pool of eligible contributors to include small-dollar donors who contribute $250 or less
Affected Parties and Impacts:
- Candidates running for state-level offices in New York who opt into the public financing program
- Small-dollar donors who will have a greater impact on campaigns through the matching funds
- The general public, who may benefit from increased participation and reduced influence of large donors in the political process
Procedural and Timeline Considerations:
- The bill has been referred to the Election Law committee and is currently under consideration.
- If passed, the changes would apply to campaigns starting in the 2026 election cycle.
Compiled from official sources — confirm details with the bill’s official record.
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