Senate Campaign Cost Limitation and Public Financing Act

[AI summary unavailable — showing source text] Senate Campaign Cost Limitation and Public Financing Act - Amends the Federal Election Campaign Act of 1971 to provide for public financing of Senate general election campaigns. Entitles candidates for the Senate meeting certain criteria and agreeing to comply with specified spending limits and reporting requirements to campaign payments on a matching basis. Requires such candidates to certify that: (1) their authorized committees will not make campaign expenditures in excess of certain limitations; (2) no contributions will be accepted by such candidates or their authorized committees in violation of this Act; (3) such candidates are seeking election to the Senate and have received contributions for that campaign in excess of a certain sum; and (4) at least two candidates have qualified for election to the same seat. Sets forth formulas for the determination of the amount of money to which a candidate is entitled. Limits the total amount of such payments to qualified contributions equaling one-half of allowed expenditures. States that sums given by one contributor totalling over $100 and contributions received from a political committee or other organization shall not be counted f…