Campaign Finance System Reform Act

[AI summary unavailable — showing source text] Campaign Finance System Reform Act - Title I: Control of House of Representatives Campaign Spending - Amends the Federal Election Campaign Act of 1971 (FECA) to prohibit House of Representatives candidates from accepting contributions from: (1) multicandidate political committees and other sources except individuals; or (2) persons other than individual residents of the candidate's congressional district. Adds new FECA title V, Expenditure Limitations and Contribution Limitations For Eligible House of Representatives Candidates. Prohibits eligible House candidates from: (1) making expenditures in an election cycle that total more than $600,000, of which not more than $500,000 may be expended in the general election period; or (2) accepting contributions in an election cycle that total more than $600,000. Exempts from such limitations certain legal and accounting costs and taxes. Sets forth special rules governing: (1) expenditures in runoff, special, and closely contested primary elections and expenditures for fundraising activities; and (2) contribution in runoff elections, transfers of contributions to later election cycles, and contributions from the personal funds of the candid…