Campaign Finance Reform Act of 1997

Summary

TABLE OF CONTENTS: Title I: Senate Election Spending Limits Title II: Reduction in Special Interest Influence Title III: Increase in Voter Participation Campaign Finance Reform Act of 1997 - Title I: Senate Election Spending Limits - Amends the Federal Election Campaign Act of 1971 (FECA) to establish general election and primary personal and aggregate expenditure and contribution limits for eligible Senate candidates. Imposes a fee upon a candidate who exceeds expenditure limits. Sets forth related Federal Election Commission judicial review and reporting provisions. Title II: Reduction in Special Interest Influence - Amends FECA with respect to "soft money" to: (1) prohibit a national committee of a political party (including specified related entities) from soliciting or receiving contributions or making expenditures not subject to such Act; (2) require a State, district, or local committee of a political party to make Federal election year expenditures (with exceptions) from funds subject to such Act; (3) prohibit a national, State, district, or local committee of a political party from soliciting or donating funds to a tax-exempt organization; and (4) prohibit an incumbent or candidate for Federal office from soliciting or receiving funds not subject to such Act, or from soliciting or receiving funds for a non-Federal election in excess of certain limits or from prohibited sources (with exceptions for State or local candidates in compliance with State law). Sets forth specified reporting requirements. (Sec. 202) Redefines "independent expenditure." (Sec. 203) Prohibits contributions by foreign nationals. (Sec. 204) Amends the Communications Act of 1934 with respect to broadcast media election rates. Title III: Increase in Voter Participation - Amends the Internal Revenue Code to provide a maximum $100 tax credit ($200 in the case of a joint return) for contributions to congressional candidates. (Sec. 302) Directs the Commission to conduct a study of Federal election voter participation. Authorizes appropriations.

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3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 21 January 1997

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 21 January 1997

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• Introduced in Senate

  summary · EN · 21 January 1997

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