Proposing an amendment to the Constitution of the United States to set limits on Federal campaign contributions and spending, prohibit corporate spending in the political process, require Congress to develop a system of public campaign financing for all Federal candidates who qualify for the ballot, and allow the States to set reasonable limits on campaign contributions and spending in State and local elections, and for other purposes.

This joint resolution proposes a constitutional amendment to fundamentally alter campaign finance regulations in the United States. Its primary goal is to advance democratic self-government , ensure political equality, and safeguard the integrity of government and the electoral process by establishing enforceable limits on campaign contributions and spending. The amendment would impose strict federal limits, allowing individuals to spend or contribute no more than one hundred dollars to influence another person's federal election, and an aggregate total of one thousand dollars for all federal election-related activities, including their own campaign. A key provision of the proposed amendment is the explicit prohibition of corporations and other entities created by law from contributing or spending any amount to influence federal elections. Furthermore, it mandates that Congress, within 60 days of ratification, enact legislation to limit spending by candidates and political parties, and to establish a system of public campaign financing for all qualified federal candidates, covering at least eighty percent of the allowed spending. This legislation would also require unspent campaign funds to be remitted to the Treasury and enforce limits with civil and criminal penalties. The amendment also grants states the power to implement and enforce reasonable regulations on campaign finance for state and local elections, including limits and prohibitions similar to those at the federal level.