To amend the Federal Election Campaign Act of 1971 to provide for limitations on expenditures in elections for the House of Representatives.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE; FINDINGS.
(a) Short Title.--This Act may be cited as the ``Restoring Confidence Through Smarter Campaigns Act''. (b) Findings.--Congress finds the following: (1) The Supreme Court decision in Buckley v. Valeo failed to recognize that unlimited spending on elections has a corrosive effect on the electoral process and on public confidence in the integrity of the electoral process. (2) Restoring Congress's regulatory power over campaign expenditures will level the playing field by creating a realistic opportunity for more Americans to seek Federal office and by encouraging elections that are more competitive. (3) Limiting the need for incessant fundraising by Members of Congress may restore the public's confidence in both the electoral process and in the accountability of Members to the constituents who elect them.
SEC. 2. EXPENDITURE LIMITATIONS IN HOUSE ELECTIONS.
(a) Establishment of Limitations.--Section 315 of the Federal Election Campaign Act of 1971 (2 U.S.C. 441a) is amended by adding at the end the following new subsection: ``(k) Expenditure Limitations in House Elections.-- ``(1) Limitations.-- ``(A) In general.--A candidate for election for the office of Representative in, or Delegate or Resident Commissioner to, the Congress and the authorized committees of the candidate may not make expenditures which in the aggregate exceed $500,000 during the...