Bill > H3554

This bill proposes to increase campaign contribution limits in South Carolina by modifying two existing sections of state law. Specifically, for statewide candidates and candidates elected jointly, the maximum individual contribution would increase from $3,500 to $7,000 per election cycle, and for candidates for other offices, the limit would rise from $1,000 to $2,000. Additionally, the bill changes the maximum contributions that political parties can provide to candidates through their party or legislative caucus committees, raising the limit for statewide candidates from $50,000 to $50,000 and for other office candidates from $5,000 to $10,000. The existing restrictions remain in place, such as prohibiting cash contributions over $25 without proper documentation and barring contributions from lobbyists who lobby the office the candidate seeks. If a candidate receives a contribution that violates these limits, they are required to remit the excess amount to the Children's Trust Fund within seven days. The bill would take effect upon the Governor's approval, potentially giving candidates more financial flexibility in fundraising while maintaining some regulatory oversight.

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https://www.scstatehouse.gov/billsearch.php?billnumbers=3554&session=126&summary=B