Public Campaign Financing Act of 2001 - Amends the Federal Election Campaign Act of 1971 (FECA) to outline under a new title: (1) qualifications for public financing; (2) a prohibition against acceptance by qualifying House candidates of any contributions other than contributions from individuals that total not more than $100 per individual per election cycle, with an 80 percent in-State contribution requirement; (3) rules restricting public funding to specified purposes, such as buying broadcast time; (4) limitations on the maximum amount of public funding, which is set at $750,000 for qualifying House candidates; and (5) various specified requirements pertaining to television debates and radio and television advertising.
Places restrictions on soft money of political parties and candidates.
Requires the national committee of a political party, any congressional campaign committee of a political party, and any subordinate committee of either, to report all receipts and disbursements during the reporting period, whether or not in connection with an election for Federal office.
Prescribes reporting requirements about: (1) the election activity of persons other than political parties; and (2) contributions through intermediaries and conduits.