To amend the Federal Election Campaign Act of 1971 to provide for increased fairness and competition in elections for Federal office.

Amends the Federal Election Campaign Act of 1971 to: (1) reduce individual contribution limits to certain political committees, including multicandidate political committees (PACs); (2) limit contributions from persons other than individual in-State residents for House of Representatives elections; and (3) limit, and subject to reporting requirements, national or State committee payments for mixed political activities.