Campaign Cost Reduction and Reform Act of 1987

[AI summary unavailable — showing source text] Campaign Cost Reduction and Reform Act of 1987 - Title I: Amendments to the Federal Election Campaign Act of 1971 - Amends the Federal Election Campaign Act of 1971 to define a qualifying House of Representatives candidate as one whose principal campaign committee includes in its statement of organization a declaration of the candidate's intention to abide by expenditure limitations under this Act, and to use broadcast time under the Communications Act of 1934 or to receive reduced postal rates. Includes in the definition of contribution: (1) any gift, subscription, loan, advance, or deposit of money or anything of value made by any person for the purpose of encouraging any specific individual who is not a candidate to become a candidate; and (2) with respect to a political committee, any gift, subscription, loan, advance, or deposit of money or anything of value made by such committee with respect to a clearly identified candidate. Revises the exclusion of mailing costs from authorized contributions. Provides that the term contribution does not include the value of any advertising rate reduction made available to a qualifying House candidate by a newspaper or magazine, if such red…