text: SECTION 1. DENIAL OF CERTAIN TAX BENEFITS.
  
      (a) General Rule.--Section 527 of the Internal Revenue Code of 1986 
  (relating to political organizations) is amended by adding at the end 
  thereof the following new subsection:
      ``(i) Special Rules for Certain Campaign Committees.--
              ``(1) In general.--In the case of any political 
          organization to which this subsection applies for any taxable 
          year--
                      ``(A) all excess campaign contributions received by 
                  such organization during such taxable year shall be 
                  included in gross income and the exemptions provided by 
                  subsection (c)(1) for exempt function income shall not 
                  apply to such contributions, and
                      ``(B) the provisions of subsection (h) shall not 
                  apply to such organization for such taxable year.
              ``(2) Organizations to which subsection applies.--This 
          subsection shall apply to any political organization for any 
          taxable year if--
                      ``(A) such organization is a campaign committee of 
                  a candidate for election as a Member of the House of 
                  Representatives or as a Delegate or Resident 
                  Commissioner to the House of Representatives, and
                      ``(B) the contribution limitations of paragraph (3) 
                  are not satisfied by such candidate--
                              ``(i) in the case of the first taxable year 
                          beginning in an election cycle, for the portion 
                          of such election cycle ending with the close of 
                          the taxable year, or
                              ``(ii) in the case of the taxable year in 
                          which such election cycle ends, for the entire 
                          election cycle.
              ``(3) Contribution limitations.--The contribution 
          limitations of this paragraph are satisfied by any candidate 
          for any election cycle (or portion thereof) if--
                      ``(A) the sum of the following amounts does not 
                  exceed $600,000:
                              ``(i) the amount of cash and the fair 
                          market value of other property held by campaign 
                          committees of such candidate as of the 
                          beginning of such election cycle, plus
                              ``(ii) the aggregate amount of political 
                          contributions accepted by such candidate or by 
                          such candidate's campaign committees during 
                          such election cycle (or portion thereof), and
                      ``(B) the aggregate amount of political 
                  contributions from multicandidate political committees 
                  accepted by such candidate or by such candidate's 
                  campaign committees during such election cycle (or 
                  portion thereof) does not exceed $300,000.
              ``(4) Excess campaign contributions.--
                      ``(A) In general.--For purposes of this subsection, 
                  the term `excess campaign contributions' means the 
                  amount of contributions received by the political 
                  organization during the taxable year to the extent such 
                  contributions exceed the amount permitted under the 
                  contribution limitations of paragraph (3).
                      ``(B) Special rule.--For purposes of this subtitle, 
                  contributions received during the portion of any 
                  election cycle before the first taxable year beginning 
                  in such cycle shall be treated as received in such 
                  first taxable year.
              ``(5) Election cycle.--For purposes of this subsection, the 
          term `election cycle' means the period beginning with the day 
          after the date of a general election for the House of 
          Representatives and ending with the date of the next general 
          election for the House of Representatives.
              ``(6) Multicandidate political committee.--The term 
          `multicandidate political committee' has the meaning given such 
          term by section 315(a)(4) of the Federal Election Campaign Act 
          of 1971 (2 U.S.C. 441a(a)(4)).''
      (b) Effective Date.--The amendment made by subsection (a) shall 
  apply to taxable years beginning after the date of the enactment of 
  this Act.
  
  SEC. 2. DENIAL OF LOWEST UNIT CHARGE FOR CAMPAIGN ADS.
  
      Section 315(b) of the Communications Act of 1934 (47 U.S.C. 315(b)) 
  is amended by adding at the end the following new sentence:
  ``The limitations on charges contained in this subsection shall not 
  apply in the case of a candidate for election as a Member of, or 
  Delegate or Resident Commissioner to, the United States House of 
  Representatives unless such candidate certifies, at the time of 
  entering into a contract for the use of such broadcasting station, that 
  such candidate has not obtained any excess campaign contributions for 
  the current election cycle, as determined under section 527(i)(4) of 
  the Internal Revenue Code of 1986.''.
  
  SEC. 3. REDUCED THIRD-CLASS MAILING RATES.
  
      (a) In General.--Section 3626(e) of title 39, United States Code, 
  is amended--
              (1) in paragraph (2)(A)--
                      (A) by striking ``and the National'' and inserting 
                  ``the National''; and
                      (B) by striking ``Committee;'' and inserting 
                  ``Committee, and, subject to paragraph (3), a campaign 
                  committee of a candidate for the House of 
                  Representatives;'';
              (2) in paragraph (2)(B), by striking ``and'' after the 
          semicolon;
              (3) in paragraph (2)(C), by striking the period and 
          inserting ``; and'';
              (4) by adding after paragraph (2)(C) the following:
              ``(D) the term `candidate for the House of Representatives' 
          means a candidate for election as a Member of, or Delegate or 
          Resident Commissioner to, the House of Representatives.''; and
              (5) by adding after paragraph (2) the following:
      ``(3) The rates under this subsection shall not be available to a 
  campaign committee of a candidate for the House of Representatives 
  unless such committee certifies, at such time and in such manner as the 
  Postal Service by regulation requires, that such candidate has not 
  obtained any excess campaign contributions for the current election 
  cycle, as determined under section 527(i)(4) of the Internal Revenue 
  Code of 1986.''.
      (b) Sense of the Congress.--It is the sense of the Congress that 
  any additional costs incurred by the United Postal Service in 
  connection with providing reduced rates of postage pursuant to the 
  amendments made by subsection (a) should be funded out of any revenues 
  attributable to the amendment made by section 1.
target: Amends the Internal Revenue Code with respect to political organizations to establish a campaign contribution limitation scheme applicable to the campaign committee of a candidate for election to the House of Representatives.  Provides that excess campaign contributions received by such an organization shall be included in its gross income. 
  Amends the Communications Act of 1934 and Federal postal service law to condition the lowest unit charge for campaign ads upon a candidate's certification of compliance with such contribution limitation. 
  Expresses the sense of the Congress that additional costs incurred by the United Postal Service in providing reduced rates of postage pursuant to this Act should be funded out of revenues attributable to this Act.
feat_title: To deny certain benefits to candidates for election to the House of Representatives who accept contributions in excess of certain limitations, and for other purposes.