Proposing an amendment to the Constitution of the United States relating to contributions and expenditures with respect to Federal elections.

Constitutional Amendment - Denies as protected speech any financial expenditures, or in kind equivalents, with respect to a candidate for federal office, without regard to whether or not a communication expressly advocates the election or defeat of a specified candidate in the election.

Gives Congress the power to enact a mandatory public financing system to provide funds to qualified candidates in federal elections, which shall be the sole source of funds raised or spent with respect to federal elections.