Proposing an amendment to the Constitution of the United States relating to contributions and expenditures intended to affect elections.

H.J. Res. 121 is a proposed constitutional amendment that would authorize Congress and the states to regulate and set limits on money raised and spent to influence elections. It frames money in politics as a matter of democratic self-government and political equality, and it gives Congress and the states broad power to implement and enforce such limits through appropriate legislation. The amendment also allows lawmakers to distinguish between natural persons and corporations or other entities created by law, and to prohibit corporations and similar entities from spending money to influence elections. Importantly, the amendment includes a protection that nothing in it should be construed to abridge the freedom of the press. The proposal would move through the standard constitutional amendment process: it must be approved by two-thirds of both the House and Senate and then ratified by three-fourths of the state legislatures. In short, if adopted, this amendment would provide a constitutional basis for more extensive regulation of political contributions and expenditures, including the possibility of prohibiting corporate spending in elections and establishing a framework for enforcement by federal and state governments.