The bill is a memorial from the Washington State Legislature urging Congress to propose an amendment to the U.S. Constitution aimed at regulating campaign finance. It highlights concerns over the increasing size and anonymity of financial contributions to political candidates and ballot measures, which threaten the integrity of the electoral process. The proposed amendment seeks to return authority to Congress and state legislatures to regulate contributions, distinguish between individuals and artificial entities in terms of campaign spending, and require timely public disclosure of contributions.

Key provisions of the proposed amendment include clarifying that rights recognized in the Constitution apply only to individual human beings, stating that spending money cannot be construed as free speech under the First Amendment, and ensuring that all political contributions and expenditures are disclosed in a timely manner accessible to voters. Additionally, the amendment emphasizes that it does not limit the rights to freedom of speech, press, religion, or association.