A joint resolution proposing an amendment to the Constitution of the United States relating to the limitation of expenditures in elections for public office.

Constitutional Amendment - Declares that the Congress has the power to impose, by appropriate legislation, limitations on the amount of expenditures relating to elections for Federal office.

Declares that nothing in the Constitution shall be construed to prohibit the States from imposing limitations on the amount of expenditures relating to elections for State and local offices.