This bill introduces a new regulation concerning the financial interactions between political action committees (PACs) and authorized committees of candidates for federal office in South Dakota. Specifically, it prohibits PACs from accepting any contributions or loans from these authorized committees if the total amount exceeds ten thousand dollars within a calendar year.

The legislation aims to enhance transparency and limit the influence of large financial contributions in political campaigns, thereby promoting fairer electoral processes. The new provision will take effect starting January 1, 2025, aligning with federal definitions and regulations outlined in 52 U.S.C. 30101, et seq.