Campaign contributions; modifying permissible contributions; increasing contribution limit. Effective date.

SB 1359 increases the annual contribution limit for political parties in Oklahoma from $10,000 to $100,000 per contributor (including corporations, labor unions, LLCs, and partnerships). It modifies campaign finance rules by requiring all contributions to a party committee to be aggregated annually toward this new cap, while excluding certain federal "Levin Funds" from the calculation. The bill repeals outdated rules that previously limited contributions from specific entities like corporations and labor unions. This directly affects political parties and their donors by allowing significantly larger annual contributions to party committees. The changes take effect on January 1, 2027.