Amends the Federal Election Campaign Act of 1971 to add Title V: Financing of General Election Campaigns for the House of Representatives. Directs the Secretary of the Treasury to maintain, in the Presidential Election Campaign Fund, the House of Representatives Election Campaign Account. Sets forth eligibility requirements to be met by candidates for election to the House of Representatives seeking payments from such Account. Limits expenditures from personal funds which may be made by candidates meeting such eligibility requirements.
Entitles eligible candidates to matching payments and sets forth the procedure for determining the amounts of these payments. Stipulates that the aggregate payments to all candidates in an election shall not exceed three times the maximum amount payable in matching funds.
Suspends certain expenditure limitations on eligible candidates if any candidate not eligible to receive payments pursuant to this Act makes expenditures or receives contributions in excess of specified amounts.
Sets forth the procedure for requesting matching payments.
Sets forth procedures to be followed by the Secretary of the Treasury in maintaining the House of Representatives Election Campaign Account.
Directs the Federal Elections Commission to conduct examinations and audits of the campaign accounts of ten percent of the eligible candidates.
Provides for the participation of the Commission in judicial proceedings arising under this Act.
Authorizes appropriations necessary to carry out the purposes of this Act.
Introduced in House
Introduced in House
Referred to House Committee on House Administration.
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