A joint resolution proposing an amendment to the Constitution of the United States relating to the authority of Congress and the States to regulate contributions and expenditures intended to affect elections and to enact public financing systems for political campaigns.

This proposed constitutional amendment would explicitly authorize Congress and state governments to regulate campaign contributions and spending to influence elections, requiring such regulations to be viewpoint-neutral and reasonable. It would also permit states and Congress to establish public financing systems for campaigns, potentially offsetting private spending with public funds. The amendment allows distinctions between natural persons and corporations (including bans on corporate spending in elections) while explicitly protecting press freedom. As a proposed amendment, it would only take effect if ratified by 38 states within seven years.