Federal Campaign Act Amendments

[AI summary unavailable — showing source text] Federal Campaign Act Amendments - Limits expenditures from the personal funds of a candidate or his family to $50,000 for President or Vice President; $25,000 for a Senator; $10,000 for a Representative; and $100,000 for a party or political committee. Permits an adjustment for inflation to be added to the above limitations for any year after 1976. Repeals provisions which limit contributions to any candidate by a political committee. Allows any individual to make contributions not to exceed the aggregate amount of $100,000. Prohibits any candidate or political committee, officer, or agent from knowingly accepting any contribution made in violation of such provisions. Imposes a fine of not more than $25,000 or a sentence of not more than one year, or both, for such violations. Requires any candidate or political committee who receives any contribution greater than the following to disclose the source of such contribution: (1) $1,000 for election to the office of President; (2) $500 for election to the Senate; or (3) $250 for election to the House of Representatives. Requires every person who makes expenditures for communications that expressly advocates the election or defeat of a …