To amend the Federal Election Campaign Act of 1971 to establish a program under which Congressional candidates may receive public funding for carrying out campaigns for election for Federal office, to amend the Internal Revenue Code of 1986 to establish an income tax checkoff to provide funding for such program and to provide a refundable tax credit for individuals who make contributions to such candidates, and for other purposes.

This bill proposes a voluntary system for publicly financing congressional elections to reduce the influence of large private donations. Under this program, candidates for the House and Senate who agree to strict spending limits and fundraising restrictions would receive public funds to help pay for their campaigns.

For citizens, the bill would create a $100 refundable tax credit for small-dollar donations made to participating candidates, essentially reimbursing individuals for their political contributions. Additionally, the program would be funded by a voluntary "check-off" box on federal income tax returns, allowing taxpayers to direct $1 of their tax liability to a dedicated public subsidy fund without increasing their total taxes owed.