Assembly BillIntroduced
A 5023: Provides that election contributions made in cash, or in bitcoin or any other form of cryptocurrency are not matchable for purposes of public financing.
What A 5023 does, verified January 8, 2026
The bill aims to amend the election law to clarify and expand public financing contributions. It introduces new subparagraphs to paragraph 11 of section 14-200-a, which governs public financing. The amendments and new subparagraphs clarify that contributions from lobbyists, any portion of a contribution exceeding $250 from a single contributor, and cash contributions in cryptocurrency are not matchable for public financing purposes. The bill takes effect immediately.
Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: referred to election law (2026-01-07)Alert me
Quick answers about A 5023
- What is the current status of A 5023?
- As of January 8, 2026, A 5023 is recorded as "Introduced": it has been introduced and is waiting for its first committee hearing or floor vote. The last recorded action, on January 7, 2026, was "referred to election law".
- Did A 5023 pass?
- Not yet. A 5023 has been introduced and has not passed either house.
- Who wrote A 5023, and where is it now?
- A 5023 was authored by Asm. Jonathan Jacobson. Its committee of record is Assembly Election Law.
Author and sponsors
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| Jan. 07, 2026 | referred to election law |
| Feb. 11, 2025 | referred to election law |
Latest bill textIntroduced version, February 11, 2025 · 230 words
STATE OF NEW YORK ________________________________________________________________________ 5023 2025-2026 Regular Sessions IN ASSEMBLY February 11, 2025 ___________ Introduced by M. of A. JACOBSON -- read once and referred to the Commit- tee on Election Law AN ACT to amend the election law, in relation to public financing contributions that are not matchable for purposes of public financing The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subparagraphs (xi) and (xii) of paragraph (b) of subdivi- 2 sion 11 of section 14-200-a of the election law, as added by section 4 3 of part ZZZ of chapter 58 of the laws of 2020, are amended and a new 4 subparagraph (xiii) is added to read as follows: 5 (xi) contributions from lobbyists registered pursuant to subdivision 6 (a) of section one-c of the legislative law; [and] 7 (xii) any portion of a contribution when the aggregate contributions 8 are in excess of two hundred fifty dollars from any one contributor to 9 such participating candidate for nomination or election[.]; and 10 (xiii) contributions made in cash, or in bitcoin or any other form of 11 cryptocurrency. 12 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD03168-01-5
Text of A 5023 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions