require the disclosure of an outstanding loan balance on a campaign finance disclosure report.
This bill requires political campaign finance reports in South Dakota to include the outstanding balance of any loans taken out by candidates or committees. The change directly affects political candidates, political action committees, and campaign finance reporters who must now disclose remaining loan amounts on their filings. By adding this specific financial detail, the bill aims to provide more transparency about the total funding sources used in political campaigns. The provision applies to all campaign finance disclosure reports submitted under South Dakota law.
Bill status
signed
all 5 stages cleared
Introduction
Feb 2025
Committee Review
Mar 2025
House Passage
Feb 2025
Senate Passage
Mar 2025
Signed into Law
Mar 2025
Introduced Feb 20, 2025
Signed Mar 31, 2025
Maddy AI version diff · 1 comparison
What changed between versions
Introduced
→
Enrolled
·
4 edits
·
Mar 11, 2025
MODERATE
This bill amends South Dakota campaign finance laws to require political committees to disclose the outstanding balance of any loans they receive on their disclosure reports. It also requires treasurers to maintain detailed records of loan transactions. This change increases transparency around campaign financing by ensuring voters can see not just contributions and spending, but also any debt obligations a committee carries.
Scope change
The bill applies to all political committees in South Dakota that receive loans, expanding the existing disclosure requirements to include loan balances alongside contributions and expenditures.
REQUIREMENT
Requires political committees to report the outstanding balance of each loan received on their campaign finance disclosure reports.
Requires treasurers to maintain and preserve detailed records of each loan received or made by the political committee.
Requires treasurers to specifically record the outstanding balance of each loan received by the political committee in their records.
Added new reporting categories for loans in the campaign finance disclosure report requirements, including loan balance reporting as a separate item.
Floor votes · House Feb 19, 2025
How they voted
This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history
Actions timeline
Total actions
15
Key actions
8
Committee
4
Mar 31, 2025
Signed into law
Signed by the Governor on 2025-03-31 H.J. 553
executive
Mar 12, 2025
Upper · Passed
Signed by the President S.J. 522
upper
Mar 11, 2025
Upper · Passed
Signed by the Speaker H.J. 524
upper
Mar 10, 2025
Upper · Passed
Senate Do Pass , Passed, YEAS 34, NAYS 0 S.J. 483
upper
Mar 6, 2025
Upper · Passed
Certified uncontested, placed on consent , Passed,
upper
Mar 6, 2025
Upper · Passed
State Affairs Do Pass , Passed, YEAS 7, NAYS 0
upper
Feb 20, 2025
Introduced
First read in Senate and referred to S.J. 321
upper
Feb 19, 2025
Lower · Passed
House of Representatives Do Pass , Passed, YEAS 38, NAYS 32 H.J. 331
lower
Feb 18, 2025
Lower · Passed
Local Government Do Pass , Passed, YEAS 12, NAYS 1
lower
Feb 7, 2025
Committee
Referred to , Passed, H.J. 223
lower
Feb 6, 2025
Committee
Referred to H.J. 213
lower
6 primary · 0 co-sponsors
Sponsors
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