H.J.Res. 121 — Proposing an amendment to the Constitution of the United States relating to contributions and expenditures intended to affect elections.

This section proposes a constitutional amendment that would authorize Congress and the States to regulate and set reasonable limits on the raising and spending of money by candidates and others to influence elections, and to implement and enforce those limits by appropriate legislation. It would also allow Congress and the States to distinguish between natural persons and corporations or other artificial entities created by law, including by prohibiting such entities from spending money to influence elections. The amendment would preserve the freedom of the press by specifying that it does not grant Congress or the States power to abridge that freedom.