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Senate passes bill closing campaign loan loophole, limits loans to donation caps
2150072 · January 24, 2025
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Summary
The South Dakota Senate passed Senate Bill 12 to limit candidate or political committee loans to the same amounts allowed for contributions, closing a practice lawmakers said could circumvent contribution limits.
The South Dakota Senate passed Senate Bill 12 on a final vote of 21-13 after debate that centered on campaign finance limits and loan forgiveness loopholes.
Supporters said the bill restores parity between donations and loans and prevents unlimited loans that can be forgiven to effectively skirt contribution caps. Senator Roll said the measure “provides…
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