A bill to amend the Federal Election Campaign Act of 1971 to provide for public financing of advertising and related expenses in campaigns for the House of Representatives and to prohibit contributions by multicandidate political committees to candidates who accept such financing.

Amends the Federal Election Campaign Act of 1971 to provide for public financing of advertising (television, radio, and newspaper) and related expenses in campaigns for the House of Representatives. Makes candidates who accept campaign contributions from a multicandidate political committee ineligible for such financing.

Requires charges for such advertising to be submitted to the Federal Election Commission, and in turn by the Commission to the Secretary of the Treasury.

Authorizes appropriations beginning with FY 1988.