House of Representatives Campaign Financing Act of 1979

[AI summary unavailable — showing source text] House of Representatives Campaign Financing Act of 1979 - Amends the Internal Revenue Code to add a new Chapter 97 entitled the House of Representatives Election Campaign Fund Act. Entitles to payments under this Act Congressional candidates who agree to certain reporting and recordkeeping procedures and who certify that: (1) their authorized committees will not incur campaign expenses in excess of certain limitations; (2) he or she has qualified to have his name placed on the election ballot in an election for Congressional office; and (3) he or she has received contributions in excess of a certain sum and no person has given more than $100 toward the amount so certified. Sets the amount of payments to an eligible candidate at the amount of contributions received up to a specified maximum. Stipulates that sums given by any one contributor totalling over $100 shall be disregarded for purposes of matching grants. Restricts use of funds forwarded under this Act to defraying campaign expenses either directly or through repayment of campaign loans. Specifies a limit on the amount of personal funds which a candidate may spend in connection with a Congressional campaign and remain eligib…