Int 0348-2022
Classifying credit card processing fees and bank fees as exempt expenditures.
IntroductionEnactedCommittee on Governmental Operationsintroduced 2022-05-05Local Law 2023/168
Enacted as Local Law 2023/168.
Official record · Legistar
Agenda: 2022-05-05Passed: 2023-12-16Enacted: 2023-12-16
Summary
This bill would provide that bank fees and credit card processing fees paid by a campaign for contributions received by the campaign would not count against the expenditure limitation for that campaign. Bank fees are the fees banks charge to demand deposit account holders for the regular use or maintenance of an account, including check fees, monthly fees, overdraft fees, and wire fees.
Committee on Governmental Operations — Municipal governmental structure and organization, Department of Citywide Administrative Services, Office of Administrative Trials and Hearings, Community Boards, Tax Commission, Board of Standards and Appeals, Campaign Finance Board, Board of Elections, Voter Assistance Commission, Commission on Public Information and Communication, Department of Records and Information Services, Financial Information Services Agency and Law Department.
How it compares
32% of similar bills passed
16 passed · 34 died
This bill: 558 days in committee
Similar bills: median 293 days · 114 days when passed
Compared against 50 Introduction bills in Committee on Governmental Operations.
Ranked by how closely each matches this bill's topic — closest first:
Int 1456-2019
Classifying credit card processing fees and bank fees as exempt expenditures.
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1251dFiled
Int 1050-2009
Designating expenditures for carbon offset as campaign expenditures and exempting the price of carbon offsets from expenditures limitations.
154dFiled
Int 0775-2018
Small campaign exemption limit.
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Int 0803-2008
Campaign finance law.
526dFiled
Int 0651-2007
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+ 44 more comparable bills
Sponsors (12)
Lifecycle
ActionReferred to Comm by Council
2022-05-05 · City Council
IntroducedIntroduced by Council
2022-05-05 · City Council
HeardHearing Held by Committee
2023-06-07 · Committee on Governmental Operations
HeldLaid Over by Committee
2023-06-07 · Committee on Governmental Operations
HeardHearing Held by Committee
2023-11-15 · Committee on Governmental Operations
ActionAmendment Proposed by Comm
2023-11-15 · Committee on Governmental Operations
ActionAmended by Committee
2023-11-15 · Committee on Governmental Operations
AdvancedApproved by Committee
2023-11-15 · Committee on Governmental Operations
AdvancedApproved by Council
2023-11-15 · City Council
ActionSent to Mayor by Council
2023-11-15 · City Council
AdvancedCity Charter Rule Adopted
2023-12-16 · Administration
ActionReturned Unsigned by Mayor
2023-12-18 · City Council
Votes (5)
Aye (3)
Sandra UngShahana K. HanifLynn C. Schulman
Absent (2)
Gale A. BrewerLincoln Restler
Heard at (4)
City Council · 2023-11-15 · 1:30 PM · Council Chambers - City Hall
Committee on Governmental Operations · 2023-11-15 · 11:00 AM · Committee Room - City Hall
Committee on Governmental Operations · 2023-06-07 · 1:00 PM · Committee Room - City Hall
City Council · 2022-05-05 · 1:30 PM · HYBRID HEARING - Council Chambers - City Hall
Attachments (20)
- Summary of Int. No. 348-A
- Summary of Int. No. 348
- Int. No. 348
- May 5, 2022 - Stated Meeting Agenda
- Hearing Transcript - Stated Meeting 5-5-22
- Minutes of the Stated Meeting - May 5, 2022
- Committee Report 6/7/23
- Hearing Testimony 6/7/23
- Hearing Transcript 6/7/23
- Proposed Int. No. 348-A - 11/8/23
- Committee Report 11/15/23
- Hearing Transcript 11/15/23
- Committee Report - Stated Meeting
- November 15, 2023 - Stated Meeting Agenda
- Hearing Transcript - Stated Meeting 11-15-23
- Int. No. 348-A (FINAL)
- Fiscal Impact Statement
- Legislative Documents - Letter to the Mayor
- Local Law 168
- Minutes of the Stated Meeting - November 15, 2023
Full text
Be it enacted by the Council as follows:
Section 1. Section 3-702 of the administrative code of the city of New York is amended by adding a new subdivision 24 to read as follows:
24. The term "bank fees" means fees charged by a banking or financial institution to demand deposit account holders for regular use or maintenance of an account, including check fees, monthly fees, overdraft fees, and wire fees.
� 2. Section 3-706 of the administrative code of the city of New York is amended by adding a new subdivision 6 to read as follows:
6. Expenditures for bank fees and for credit card processing fees for contributions received by the candidate and their principal committee shall not be limited by the expenditure limitation of paragraph a of subdivision 1 of this section.
� 3. This local law takes effect immediately and shall apply to any expenditure made prior to the effective date in furtherance of an election that occurs after November 7, 2023.
Session 12
CJM/JG
LS #7758
11/06/2023 5:35 PM
Session 11
NAB
LS #9528
Int. 1456-2019
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