I’m going through the new ethics reform legislation proposed by State Assembly Speaker Sheldon Silver and State Senate Majority Leader John Sampson. Among the things that caught my eye:
How much money lawmakers made from their outside work will be disclosed, somewhat. On the forms, there will be two categories in which the money can be categorized: “The first would cover amounts between $250,000 and $1 million; the other would cover amounts of $1 million or more.”
Also, a $10,000 penalty can be assessed for not filing required campaign finance disclosure forms. But, that penalty only applies if there are at least three missed filings.
And the lawmakers, possibly afraid of anti-establishment forces dumping tons of money into races later this year, also want people behind “independent expenditures” to be subject to the same disclosure requirements as candidates and campaign committees.