Federal Election Campaign Reform Act

[AI summary unavailable — showing source text] Federal Election Campaign Reform Act - Title I: Reestablishment of the Federal Election Commission - Abolishes the Federal Election Commission established by the Federal Election Campaign Act of 1971 effective February 29, 1976. Provides that the President shall appoint by and with the advice and consent of the Senate six members of the newly established Federal Election Commission for six year terms. States that the Secretary of the Senate and Clerk of the House of Representatives shall serve as ex officio members of the Commission without the right to vote. Requires the members of the present Commission to serve on the new Commission until all of the new members are appointed and qualified and to carry out such of the Commission's functions as are consistent with specified decisions of the Supreme Court of the United States. Transfers all personnel, property, records, contracts, and liabilities consistent with such decision to the Commission established by this Act from the Commission abolished by this Act. Authorizes to be appropriated to carry out the functions of the Commission $10,000,000 for fiscal year 1976, $2,500,000 for the period July 1, 1976, through September 30, 1976…