Proposing an amendment to the Constitution of the United States to permit the Congress to limit contributions and expenditures in elections for Federal office.

Constitutional Amendment - Vests power in the Congress to: (1) set limits on expenditures made by individuals or entities in support of or in opposition to the nomination or election of any person to Federal office; (2) set limits on contributions made by individuals or entities in support of or in opposition to such nomination or election; and (3) enforce by legislation this amendment.