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New commission to hold 1st hearing

ALBANY — As New York’s latest anti-corruption panel prepares for its first public hearing, a good-government advocate is urging an investigation into what’s been criticized as a loophole in state law that allows huge corporate donations to politicians.

Bill Samuels, a co-founder of Effective NY, is urging the Moreland Commission on Tuesday to investigate millions of dollars in campaign contributions by business interests formed as limited liability corporations.

Samuels wants the panel to consider requiring detailed disclosure of contributions to the so-called “housekeeping accounts” of political parties, which have few restrictions under law.

Confirmed speakers at the Tuesday night hearing include U.S. attorneys Preet Bharara and Loretta Lynch and Manhattan District Attorney Cyrus Vance Jr.

Federal prosecutors made multiple indictments and arrests involving current and former state legislators in recent years.