The bill proposes a new regulation that limits the financial contributions that political action committees (PACs) can receive from authorized committees of candidates running for federal office. Specifically, it stipulates that a PAC organized under South Dakota law is prohibited from accepting any contribution or loan from such authorized committees if the total amount exceeds ten thousand dollars within a single year.

This measure aims to enhance transparency and accountability in campaign financing by capping the financial influence that candidates can exert on PACs. The new provision will take effect on January 1, 2025, aligning with federal regulations as outlined in 52 U.S.C. 30101, et seq.