To amend the Federal Election Campaign Act of 1971 to prohibit nonparty multicandidate political committee contributions in elections for Federal office, and for other purposes.

Amends the Federal Election Campaign Act of 1971 to: (1) prohibit Federal election contributions by multicandidate political committees; and (2) limit House of Representatives election contributions, from persons other than individual in-State residents, to not more than 49 percent of total contributions; and (3) permit additional contributions to House of Representatives challengers from political parties to match incumbent campaign funds carried forward from earlier elections.