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.

Summary

Proposes a constitutional amendment that would become part of the Constitution when three‑fourths of state legislatures ratify it, and requires that state ratification happen within seven years after the amendment is sent to the states. The measure focuses on the process and timing for ratification rather than on the amendment's substantive text.

• Proposes a constitutional amendment and sets the ratification mechanics rather than stating the amendment's substantive language.
• Requires ratification by three‑fourths of state legislatures for the amendment to become part of the Constitution.
• Imposes a seven‑year deadline for state legislatures to ratify the amendment after it is submitted.
• If the three‑fourths threshold is not met within seven years, the amendment does not become effective under this proposal.
• Focuses solely on timing and procedural conditions for ratification; it does not create programs, spending, or tax changes.
• Places pressure on state legislative calendars to act within a fixed time window if the amendment is transmitted to the states.
• Could prompt legal or political disputes about the validity or enforcement of the deadline if contested.
• Does not alter the constitutional requirement that Congress propose amendments; it addresses the state-side ratification phase.