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Limits on Campaign Contributions and Corporate Spending Ban

A proposed amendment to the U.S. Constitution aims to limit the influence of money in federal elections. Citizens would be able to contribute smaller amounts to campaigns, and corporations would be prohibited from funding politicians. This is intended to increase equality in the electoral process and ensure that every citizen's vote carries more weight.
Key points
Limiting individual federal campaign contributions to $100 per candidate and $1000 in total per year.
Total ban on spending by corporations and other legal entities in federal elections.
Mandatory public financing for all qualified federal candidates, covering at least 80% of allowed expenses.
States allowed to set reasonable limits on contributions and spending in state and local elections.
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Additional Information
Proposing an amendment to the Constitution of the United States to set limits on Federal campaign contributions and spending, prohibit corporate spending in the political process, require Congress to develop a system of public campaign financing for all Federal candidates who qualify for the ballot, and allow the States to set reasonable limits on campaign contributions and spending in State and local elections, and for other purposes.
Print number: HJRES 78
Sponsor: Rep. McGovern, James P. [D-MA-2]
Process start date: 2023-06-22