PAC Elimination Act - Amends the Federal Election Campaign Act of 1971 to prohibit any person, other than an individual or a candidate's or party's political committee, from making contributions, soliciting or receiving contributions, or making expenditures for the purpose of influencing an election for federal office.
Provides for additional limitations on contributions by multicandidate political action committees.
Requires at least 80% of candidate funds to come from in-state individuals.
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