This bill introduces a new provision to South Dakota's election laws that restricts the financial interactions between political action committees (PACs) and authorized committees of candidates for federal office. Specifically, it prohibits PACs from accepting any contributions or loans from these authorized committees if the total amount exceeds ten thousand dollars within a single year.

The new regulation aims to enhance transparency and limit the influence of large financial contributions in federal elections, thereby promoting fairer electoral practices. The effective date for this provision is set for January 1, 2025, ensuring that all parties are aware of the upcoming changes in campaign finance regulations.