Congressional Campaign Financing Equalization Act

[AI summary unavailable — showing source text] Congressional Campaign Financing Equalization Act - Amends the Internal Revenue Code to add a new chapter 87 - Congressional Campaign Financing Fund Act. Provides for payments to candidates for the office of Senator or Representative for campaign expenses in an amount equal to the contributions received by such candidate. States that the definition of "contribution" excludes any part of a gift of money in excess of $100. Requires, to be eligible for matchmaking funds, that the candidate and his authorized committees: (1) certify they will not incur expenses in excess of those allowed by the Federal Election Campaign Act Amendments of 1974; and (2) raise a minimum amount of contributions ($35,000 for Representative candidates and $100,000 for Senatorial candidates). Allows a political party committee (a political committee organized by Members of the Senate or House of Representatives and having more than five percent membership of either House and designated as such a committee by the appropriate caucus of a political party) to qualify for matching funds without raising a minimum contribution amount. States that, in meeting the minimum amounts or for qualifying for matching funds, …