Federal Election Campaign Fund Act

[AI summary unavailable — showing source text] Federal Election Campaign Fund Act - Sets forth the definitions of the terms used in this Act as it applies to the Presidential Election Campaign Fund, a candidate of a political party in a federal election shall, in writing, agree to: (1) obtain and furnish to the Comptroller General such evidence as he may request of the qualified campaign expenses with respect to which payment is sought; (2) keep and furnish to the Comptroller General such records and books; (3) an audit; and (4) furnish statements of qualified campaign expenses. Prescribes additional requirements to be fulfilled and agreed to prior to eligibility of major and minor party candidates to receive payments from the fund. Sets forth the amounts to which eligible candidates are entitled. Provides that, on the basis of information furnished by the eligible candidates of a political party, the Comptroller General shall certify to the Secretary of the Treasury the payments to which candidates are entitled. Establishes a special fund to be known as the "Federal Election Campaign Fund." Directs the Secretary to transfer to the fund a specified amount, and such additional sums as Congress may appropriate. States that, after…