The millionaire’s amendment works like this: in races with self-financing (read: wealthy) candidates, the amendment “levels the playing field” by requiring those candidates to disclose more information and permitting their opponents to raise more money. (
Here’s a report from the WaPo,
one from the WSJ, and
a post from the Election Law Blog’s Rick Hasen, who predicts that the Court could uphold the provision increasing contribution limits for candidates who face self-financed opponents.)