Democracy is for People Amendment
The amendment is divided into four sections. The first section declares because the right to vote belongs only to “natural persons as citizens of the United States”, political contributions and expenditures may only be made by “natural persons”.
The second section affirmatively grants Congress and the States power to regulate campaign finance laws. Sen. Sanders’ fact sheet explaining the amendment states, “This [second] section overturns the Buckley v. Valeo (1976) ‘money is speech’ decision allowing individuals – including individuals who are candidates – to spend unlimited sums of money independent of candidates.”
The remaining two sections explicitly state the amendment does not limit the freedom of the press and that Congress and the States will have the power to enforce the amendment through their legislative powers. Sen. Sanders’ press release can be found here. U.S. Representative Ted Deutch has filed this same amendment, House Joint Resolution 34, in the House.