Federal Campaign Contributions and Expenditures Act

[AI summary unavailable — showing source text] Federal Campaign Contributions and Expenditures Act - Title I: General Provisions - States that it is the purpose of the Act to establish an independent agency to receive, hold, and disburse moneys contributed to candidates for Federal elective office. Title II: Creation and Organization - Establishes as an agency of the United States an Office of Federal Campaign Contributions and Expenditures. States that the Office shall be under the control of the Federal Elections Commission. Defines the composition of the Federal Elections Commission. States how each member shall be chosen. Title III: Powers and Responsibilities - Sets forth the powers and responsibilities of the Office with regard to campaign funds. Title IV: Prohibitions and Penalties - Requires written authorization from the Office of Federal Campaign Contributions before a candidate may make any expenditure. Title V: Miscellaneous - Defines the duties, powers, and functions of the Comptroller General with regard to Federal elections.…