A bill to amend the Federal Election Campaign Act of 1971 with respect to the filing of reports with State officers.

Amends the Federal Election Campaign Act of 1971 to allow the Governor of each State to designate the proper office in which to file Federal election campaign reports.

Shortens from five to three years the time that reports relating to candidates for the House of Representatives must be preserved. States that all other reports and statements may be destroyed five years from the date of receipt. Allows the States to microfilm or otherwise copy the reports and to destoy them as soon as they are microfilmed.

Authorizes an annual appropriation of $500,000 to reimburse States for their administrative expenses with regard to public availability of campaign finance reports.