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. Prohibits candidates who accept payments under this Act from making expenditures from their personal funds, including the funds of immediate family members, in excess of a specified amount. Sets forth formulas to determine the amount of money to which a candidate is entitled. Sets spending limits for candidates receiving payments under this Act. Waives such limits for…