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Legislature approves bill targeting political contribution loophole

Voting booths at the Pennington County Auditor's office.
Amber Zora
/
SDPB
Voting booths at the Pennington County Auditor's office.

The Legislature is passing a bill supporters say closes a campaign finance loophole.

The bill limits the amounts candidates can legally accept through a loan.

Sponsors of the bill say currently, candidates can get around contribution limits by transferring money to a campaign via loan. Those loans can then be forgiven.

The bill ties loan limits to existing regular contribution limits.

It now just needs the governor’s signature to become law.