A bill to amend the Federal Election Campaign Act of 1971 to require candidates for Federal office in certain circumstances to return excess campaign contributions to the persons making such contributions or to deposit such contributions in the Presidential Election Campaign Fund.

Amends the Federal Election Campaign Act of 1971 to provide acceptable uses of excess campaign contribution funds including: (1) use in connection with another specified general election which is held no later than two years after the election during which the contribution was made; (2) in the case of a candidate who is elected, such candidate may use excess contributions to defray any ordinary and necessary expenses incurred by such person in connection with the duties of the Federal office; and (3) such excess funds may be contributed by the candidate to any charitable organization as described in the Internal Revenue Code.

Requires a candidate who does not put excess contributions to any of the specified uses to return such contributions to the persons making contributions to such candidate, and deposit the balance of such contributions which are not so returned in the Presidential Election Campaign Fund or to deposit the entire amount of such contributions in the Presidential Election Campaign Fund.