Proposing an amendment to the Constitution of the United States to provide that Congress and the States shall have certain authority to regulate and limit contributions and spending in campaigns for elections for public office, elections for public office, and ballot initiatives and referendums.

This joint resolution proposes a constitutional amendment that would authorize Congress and the States to regulate and limit campaign contributions and spending in elections and ballot initiatives. The amendment would allow Congress and States to distinguish between natural persons and artificial entities (such as corporations) in campaign finance regulation, and would permit restrictions on spending by artificial entities. The amendment requires ratification by three-fourths of state legislatures within seven years to take effect.

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