Federal Election Campaign Reform Act

[AI summary unavailable — showing source text] Federal Election Campaign Reform Act - Title I: Federal Elections Commission - Establishes the Federal Elections Commission as an independent establishment in the executive branch, which shall be composed of six members, no more than three of which shall be of the same party. Provides that two members shall be appointed by the President, two by the Speaker of the House of Representatives and two by the President pro tempore of the Senate. Empowers the Commission to subpoena or require testimony and records. Requires each candidate to designate a central campaign committee, which shall forward expenditure requests to the Commission for disbursements from the Federal Election Campaign Financing Fund and shall receive reports from subordinate political committees. Title II: Public Financing of Federal Election Campaigns - Establishes the Federal Election Campaign Financing Fund in the Treasury. Provides for the appropriation, into the fund from the Treasury, of such sums as may be necessary to carry out this title. Establishes methods by which candidates may qualify for disbursements from the fund. Establishes amounts which qualified candidates may receive from the fund. Requires that…