Provides that no contracts for services with the city of New York which are awarded on a contingency basis or through a retainer agreement shall be excluded from the definition of doing business with the city for purposes of campaign finance limitations for matching contributions.

This bill ensures that contracts for services with New York City, which are based on contingency fees or retainer agreements, are counted as doing business with the city. This means that individuals or organizations holding such contracts would be subject to campaign finance rules regarding matching contributions. The goal is to maintain transparency in campaign financing related to city contracts.

Supporters of the bill argue that it promotes accountability and transparency in campaign financing. By including contingency and retainer contracts in the definition of doing business with the city, it prevents potential conflicts of interest and ensures that all contributors are held to the same standards.

Critics of the bill may claim that it unnecessarily complicates the campaign finance landscape and could deter qualified contractors from working with the city. They might argue that this could limit the city's ability to secure necessary services, particularly from firms that rely on contingency agreements.