Clean Money, Clean Elections Act

[AI summary unavailable — showing source text] Clean Money, Clean Elections Act - Amends the Federal Election Campaign Act of 1971 (FECA) to: (1) prescribe eligibility and qualifying contribution requirements, seed money provisions, and benefits of clean money financing of Senate election campaigns; (2) set forth requirements applicable to clean money candidates; (3) direct the Federal Election Commission (FEC) to certify if a candidate is such a candidate and to assess a certain civil penalty against any such candidate making an expenditure from funds other than clean money funds; (4) establish in the Treasury a Senate Election Fund for clean money financing; (5) set forth requirements concerning reporting of certain expenditures of private money candidates and of independent expenditures, as redefined; (6) limit expenditures that may be made by political party committees in connection with the general election campaign of a Senate election in which one or more of the candidates is a clean money candidate; and (7) require a committee of a political party, before making coordinated expenditures in excess of $5,000 for a Federal election, to certify to the FEC that it has not and will not make any independent expenditures in con…