A bill to amend the Federal Election Campaign Act of 1971 to establish a Federal Elections Commission.

Creates a six-member independent Federal Elections Commission appointed by the President and confirmed by the Senate. Authorizes the Commission to use the personnel of the Department of Justice and the General Accounting Office. Authorizes the Commission to report, at the end of each fiscal year, to the Congress and the President on matters within its jurisdiction and to make recommendations for further legislation if necessary.