United States · Amendment · HAMDT

HAMDT 1367 (104th)

An amendment in the nature of a substitute to estalish a voluntary limitation on campaign spending of $600,000,000 in each election cycle (with exceptions made for special elections, a contested primary, and run-off elections.) Candidates who adhere to the voluntary limits would receive discount rates for broadcasting time and postal rates. The amendment would place a limit on PAC contributions to $8,000 from any individual PAC in each election cycle, and limit PACs to $5000 per election. Candidates would be limited to an aggregate of $200,000 from all PACs per election cycle, except in special circumstances. Individual donors would be limited to $200,000 to any single candidate in an election cycle, and candidates would be limited to spending no more than $50,000 of their own money. "Bundling" and "soft money" contributions would be eliminated, except for non-affiliated, independent PACs that do not engage in lobbying activities.