a bill to amend the Federal Election Campaign Act of 1971 relating to the limits on contributions and expenditures in congressional elections.

[AI summary unavailable — showing source text] Amends the Federal Election Campaign Act of 1971 to increase the dollar limits on contributions to campaigns for Federal office. Establishes formula limits for permissible expenditures made by candidates for the United States Senate or House of Representatives. Establishes fines for specified candidates who exceed permissible expenditures. Requires such fines to be assessed by and payable to the Federal Election Commission. Prohibits any fined person from being a candidate for Federal elective office until such fine has been paid.…