A joint resolution proposing an amendment to the Constitution of the United States relating to contributions and expenditures intended to affect elections.

Constitutional Amendment - Declares that Congress shall have the power to regulate the raising and spending of money with respect to federal elections, including through limits on the amount of contributions and expenditures.

Grants a state the power to regulate the raising and spending of money with respect to state elections.

Gives Congress the power to implement and enforce this article by appropriate legislation.