A bill to amend the Federal Election Campaign Act with respect to contributions and expenditures by national banks, corporations, and labor unions.

Amends the Federal Election Campaign Act (FECA) to declare that contributions, gifts, or payments by union members to a separate fund which is used by the union for political purposes must be voluntary and unrelated to moneys required as a condition of employment.

Declares it to be unlawful to use moneys paid to an organization as a condition of employment for any type of election or campaign activities by such organization.