The bill proposes a new regulation that prohibits candidates or their campaign committees in South Dakota from accepting contributions or loans from authorized committees of candidates for federal office. This measure aims to ensure the integrity of campaign financing at the state level by preventing potential conflicts of interest and maintaining a clear separation between state and federal campaign funding.

The new legal language specifies that this prohibition applies to contributions or loans from any authorized committee as defined under federal law, specifically referencing 52 U.S.C. 30101, et seq. The effective date for this regulation is set for January 1, 2025.