United States:
New York Governor Signs Bill Closing ‘LLC Loophole'
04 February 2019
Skadden, Arps, Slate, Meagher & Flom (UK) LLP
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On January 24, 2019, New York Gov. Andrew Cuomo signed a bill
closing the "LLC loophole," as discussed in our
January 22, 2019 mailing. The new law will be effective on
January 31, 2019. As a result, a candidate or committee must
receive an LLC's contribution by January 30, 2019 for that
contribution to be subject to the prior limits.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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