Proposing an amendment to the Constitution of the United States to provide that Congress and the States shall have certain authority to regulate and limit contributions and spending in campaigns for elections for public office, elections for public office, and ballot initiatives and referendums.

Summary

The resolution would add a new amendment to the U.S. Constitution stating that both federal and state governments may set reasonable limits on money donated to, and spent on, political campaigns, elections, and ballot initiatives. It would permit different treatment of individuals and corporations, including banning corporations from raising or spending money in those political activities. The amendment would take effect only after ratification by three‑quarters of the states within seven years.

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