Senatorial Election Campaign Act of 1987

[AI summary unavailable — showing source text] Senatorial Election Campaign Act of 1987 - Amends the Federal Election Campaign Act of 1971 to provide for spending limits and public financing for Senate general elections. Sets forth eligibility requirements for such public financing, including: (1) that a candidate raise contributions of a specified amount; (2) that a percentage of such contributions be made by the candidate's constituents; (3) that at least one other candidate has qualified for the same general election; and (4) that the candidate and the candidate's committees agree to abide by provisions of this Act. Limits personal expenditures to $20,000 and overall spending to $600,000 plus 25 cents multiplied by the voting age population of the State involved. Establishes formulae for determining entitlements of candidates of a major party and for those not of a major party. Entitles candidates to certain broadcast media rates. Provides for additional payments and suspension of spending limits in cases of non-participating candidates and their committees exceeding spending limitations. Requires the Federal Election Commission to certify the eligibility of candidates to the Secretary of the Treasury in order for such candi…