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 granting Congress and the states the authority to regulate and limit campaign contributions and spending in elections for public office and state or local ballot initiatives or referendums. It explicitly allows distinctions between natural persons and artificial entities, including the power to prohibit artificial entities from raising or spending money in such campaigns. The amendment would take effect upon ratification by three-fourths of state legislatures within seven years of submission.