A bill to amend the Federal Election Campaign Act of 1971 to provide that candidates for the Senate and the House of Representatives may receive payments from contributions received by them for loss of income occurring during their campaigns for office.

Amends the Federal Election Campaign Act of 1971 to permit candidates for the Senate or the House of Representatives to receive payments from political committee contributions for loss of income during their campaign for office. Specifies the method of calculation for such payments, based on the previous year's annual income of the candidate. Requires the disbursing campaign committee to provide the Federal Election Commission with income and disbursement information on the candidate.