Federal Election Reform Act

[AI summary unavailable — showing source text] Federal Election Reform Act - Establishes the Federal Elections Commission, to be composed of six members. Sets forth the composition and functions of the Commission. Provides that the Commission shall have the power (1) to require any person to submit in writing such reports and answers to questions as the Commission may prescribe; (2) to administer oaths and issue subpoenas; and (3) to initiate, prosecute, defend, or appeal any court action in the name of the Commission for the purpose of enforcing the provisions of this Act. Makes technical and conforming changes in the Federal Election Campaign Act. Prescribes the eligibility requirements for candidates for elected office to receive advertising allotments under this Act and sets forth the procedure for certification. Sets forth specific radio and television time allotments for certified candidates campaigning in a general election. Provides that any certified candidate shall be entitled to receive allotments of funds for the purchase of newspaper advertising space. Provides that television or radio broadcasts by any candidate for the office of Senator shall be carried simultaneously by all television or radio stations in the St…