This joint resolution proposes a constitutional amendment setting limits on money used to influence federal elections. It would limit a person's spending or contributions to $100 to influence another person's election, and set a $1,000 combined limit on certain spending and contributions in a calendar year. It would bar corporations and other entities created by law from spending or contributing to influence elections for federal office. Congress would have 60 days after ratification to limit campaign spending, provide public funding for every candidate who qualifies for a federal ballot, require unspent campaign funds to go to the Treasury, and enforce the rules. Public funding would be at least 80% of the amount candidates may spend. States could set reasonable rules for state and local elections. The amendment would take effect only after ratification by three-fourths of the states.
If ratified, the amendment would change rules for federal campaign contributions and spending. It would also allow states to regulate money raised and spent to influence state and local elections. The text preserves freedom of the press. The resolution is in progress and has been referred to the House Judiciary Committee.
The amendment would require public funding for qualifying federal candidates, but the text does not provide a cost estimate. No publicly available information.
The amendment states that its goals are to advance democratic self-government and political equality, and to protect the integrity of government and elections.
The bill text does not identify opponents or provide their views. No publicly available information.