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revise certain provisions regarding the termination of a political committee under certain circumstances.

This bill changes when a political committee can be terminated for violations. Currently, a committee can be shut down regardless of whether it pays penalties; this bill instead requires that a committee both submit overdue reports AND pay any penalties before it can be terminated for violations.

revise entities who may contribute to a political committee.

This bill changes which entities are prohibited from contributing to political committees and candidates in South Dakota. Instead of banning contributions from "Indian tribal entities" broadly, the law now specifically prohibits contributions made with "federal funds received by any Indian tribe," along with continuing restrictions on contributions from government agencies and foreign governments. The change narrows the scope of the Indian tribe restriction to focus on federally-funded money rather than all tribal contributions.

revise provisions regarding legislative candidates.

SB 74 prevents candidates who lose in a primary election from running for the same legislative seat under a different political party's label in that same election year. For example, if someone loses the Republican primary for state Senate, they cannot run for that same seat as a Democratic nominee in the general election.

To apply for a convention of states under Article V of the Constitution of the United States to impose fiscal restraints on the federal government, to limit the power and jurisdiction of the federal government, and to limit the terms of office for federal officials and members of Congress.

South Dakota is applying to Congress to call a national convention to propose constitutional amendments that would impose spending limits on the federal government, reduce federal power, and limit how long members of Congress and federal officials can serve. This is a request to participate in a constitutional convention under Article V of the U.S. Constitution, which requires states to apply before such a convention can be called.