This Act may be cited as the Campaign Accountability and Parity Act or the CAP Act.

Title III of the Federal Election Campaign Act of 1971 (52 U.S.C. 30101 et seq.U.S. Code — Title 52, Section 30101 and followingView official source on GovInfo) is amended by adding at the end the following: 325. Annual expenditure limit for House of Representatives candidates The principal campaign committee of a candidate for the office of Representative in, or Delegate or Resident Commissioner to, the House of Representatives may not make in a year expenditures aggregating in excess of the average amount made available for use in the previous year by a Member of the House of Representatives from the Members’ Representational Allowance established in section 101 of the House of Representatives Administrative Reform Technical Corrections Act (2 U.S.C. 5341U.S. Code — Title 2, Section 5341View official source on GovInfo)..