The Campaign Accountability and Parity Act, also known as the CAP Act, proposes to amend the Federal Election Campaign Act of 1971. Its primary purpose is to establish an annual expenditure limit for the principal campaign committees of candidates seeking election as a Representative, Delegate, or Resident Commissioner to the House of Representatives. This spending cap is determined by the average amount made available to a Member of the House from the Members’ Representational Allowance (MRA) in the previous year. By linking campaign expenditures to the MRA, the bill aims to introduce a standardized financial ceiling for House campaigns.