Vote Smart's Synopsis:

Vote to pass a bill that amends the Federal Campaign Act of 1971 by changing campaign contribution limits and disclosure requirements.

Highlights:

• Indicates that at least half of individual campaign contributions must come from individual residents of the district the candidate is seeking to represent.

• Prohibits political party committees from contributing more than $5,000 to a candidate in a federal election.

• Stipulates that if a candidate for the House of Representatives expends more than $150,000 of personal funds, then a political party committee may contribute to the opponents campaign without complying with the limits on contributions for political party committees.

• Allows political party committees to match the amount of campaign funds carried over from a former election cycle for an incumbent for their nominee who is not the incumbent.

• Requires that all contributions made 20 days before the election are reported within 24 hours.

• Prohibits workers unions from using members dues for activities other than collective bargaining, contract administration or grievance adjustment without written agreement of the union member.

Full Bill Text

Full Bill Text