Election Reform Act

[AI summary unavailable — showing source text] Election Reform Act - Creates a five member Commission on Federal Elections which shall be appointed by the President, by and with the advice and consent of the Senate. Establishes a seventeen member nominating committee which shall have the duty of recommending to the President suitable persons for appointment to the Commission. Directs the Commission to conduct an extensive and exhaustive study of the practices engaged in by political parties and individuals in the course of Federal political campaigns, which might include, but would not be limited to, such matters as: (1) the adequacy of procedures for the enforcement of existing laws relating to political campaigns and campaign financing; (2) the existing and alternative methods of financing political campaigns and limitations on campaign spending; (3) the review of Federal laws as they relate to the financing of political campaigns; (4) the purposes for which money is expended in political campaigns, such as development of campaign organizations, campaign advertising, voter registration, and polling; (5) the methods and procedures by which candidates are nominated for Federal office by political parties; (6) the adequacy of sa…