Senate Campaign Contribution Reduction Act of 1979

[AI summary unavailable — showing source text] Senate Campaign Contribution Reduction Act of 1979 - Amends the Federal Election Campaign Act of 1971 to add a new Title V: Public Funding of Senate General Election Campaigns. Entitles candidates for the United States Senate, meeting certain criteria and agreeing to comply with certain recordkeeping requirements, to campaign payments in accordance with the terms of this Act. Sets forth the formula for determination of a contribution threshold with respect to any general election. Sets forth formulas for the determination of the amount of money to which eligible candidates are entitled if the Federal Election Commission determines that one or more candidates in a general election has accepted contributions in excess of the contribution threshold. Requires each candidate to meet specified reporting requirements to the Federal Election Commission concerning contributions received in excess of the contribution threshold. Authorizes the Commission to determine whether any candidate has accepted contributions in excess of the contribution threshold, and the amount of such excess. Directs the Secretary of the Treasury to maintain a separate Senate Campaign Account in the Presidential Ele…