Campaign Finance System Reform Act

TABLE OF CONTENTS:

Title I: Control of House of Representatives Campaign

Spending

Title II: Provisions Relating to Soft Money of Political

Parties

Title III: Independent Expenditures

Title IV: Miscellaneous Provisions

Title V: Effective Date

Campaign Finance System Reform Act - Title I: Control of House of Representatives Campaign Spending - Amends the Federal Election Campaign Act of 1971 (FECA) to prohibit House of Representatives candidates from accepting contributions from: (1) multicandidate political committees (PACs) and other sources except individuals; or (2) persons other than individual residents of the candidate's congressional district.

(Sec. 103) Establishes expenditure and contribution limitations for House of Representatives candidates.

Sets forth special rules (and exceptions) governing: (1) expenditures in runoff, special, and closely contested primary elections and expenditures for fundraising activities; and (2) contributions in runoff elections, transfers of contributions to later election cycles, and contributions from the personal funds of the candidate.

Title II: Provisions Relating to Soft Money of Political Parties - Amends FECA to limit the amount of annual contributions individuals and PACs may make to political committees established and maintained by a State committee of a political party (political party committees). Increases the overall limit on individual contributions.

(Sec. 202) Limits State party committee expenditures in connection with the general election campaign of a candidate for President affiliated with such party.

Subjects to FECA reporting requirements any amount received or expended by party committees (including "soft money") with respect to a Federal election.

Prohibits (with exceptions) national party committees from accepting or soliciting contributions not subject to FECA requirements.

Limits the amount of annual expenditures national, State, and local party committees may make each year for specified election related activities.

(Sec. 203) Limits fundraising activities of Federal candidates and officeholders and certain political committees.

(Sec. 204) Revises national and State party committee reporting requirements.

Title III: Independent Expenditures - Amends FECA to revise the definitions of independent expenditure and contribution.

Title IV: Miscellaneous Provisions - Expresses the sense of the Congress that House candidates should comply with the contribution and expenditure limitations added by this Act.

Title V: Effective Date - Sets forth the effective date of this Act.