Congressional Election Financing Act

[AI summary unavailable — showing source text] Congressional Election Financing Act - Adds to the Federal Election Campaign Act of 1971 a Title V: Public Financing of Congressional Elections. Sets forth the definitions of terms to be used in this Act. States that to be eligible to receive payments under this title, a candidate for election to Federal office shall agree: (1) to obtain and to furnish to the Commission any evidence it may request about his campaign expenditures and contributions; (2) to keep and to furnish to the Commission information it may request; (3) to permit an audit and examination by the Commission and to pay any amounts required; and (4) to furnish statements of campaign expenditures and proposed campaign expenditures. Enumerates the eligibility certification requirements to be met by every candidate prior to receiving payments under this Act. Provides that every eligible candidate is entitled to payments in connection with his primary election campaign in an amount which is equal to the amount of contributions he accepts for that campaign. Describes the amounts which major party and minor party candidates are entitled to receive. Requires the Secretary of the Treasury to maintain in the Presidential Ele…