This bill introduces a new provision to South Dakota's campaign finance laws, specifically prohibiting candidates or political committees from accepting contributions or loans from authorized committees as defined by federal law (52 U.S.C. 30101, et seq.). The effective date for this prohibition is set for January 1, 2025.

By implementing this restriction, the bill aims to enhance the integrity of campaign financing in federal elections within the state, ensuring that candidates and political committees operate independently from authorized committees. This legislative change reflects a commitment to maintaining transparency and fairness in the electoral process.