Clean Money, Clean Elections Act

[AI summary unavailable — showing source text] Clean Money, Clean Elections Act - Title I: Clean Money Financing of House Election Campaigns - Amends the Federal Election Campaign Act of 1971 (FECA) to add a new title V (Clean Money Financing of House Election Campaigns) under which is set forth eligibility and qualifying contribution requirements, seed money provisions, and benefits of clean money financing of election campaigns. Defines the terms "qualifying contribution" and "seed money contribution." (Sec. 102) Sets forth requirements applicable to clean money candidates regarding the following: (1) contributions and expenditures; and (2) personal funds use. Directs the Federal Election Commission (FEC) to: (1) determine whether the candidate meets the eligibility requirements; and (2) certify whether or not the candidate is a clean money candidate. Establishes in the Treasury a House of Representatives Election Fund for the FEC to deposit unspent seed money contributions, qualifying contributions, penalty amounts, and amounts appropriated for clean money financing. Requires the FEC to assess a certain civil penalty against a clean money candidate when such candidate makes an expenditure from funds other than clean money fu…