Fair Elections Now Act

[AI summary unavailable — showing source text] Fair Elections Now Act - Amends the Federal Election Campaign Act of 1971 (FECA) with respect to: (1) eligibility and qualifying contribution requirements, seed money limits, and benefits of fair elections financing of campaigns for election to the U.S. House of Representatives; (2) establishment of a House Fair Elections Fund; (3) eligibility for Fund allocations as well as such allocations; (4) a seed money contribution requirement; (5) contribution and expenditure requirements; (6) certification of whether or not a federal election candidate is a participating candidate; (7) benefits for participating candidates; (8) payment of fair fight funds; (9) administration of the House Fair Elections System; (10) reporting requirements for nonparticipating candidates; (11) modification of electioneering communication reporting requirements; and (12) the limitation on coordinated expenditures by political party committees with participating candidates. Amends the Communications Act of 1934 with respect to the deposit of proceeds from recovered spectrum auctions. Establishes the Fair Elections Review Commission. Amends the Communications Act of 1934 to: (1) entitle participating candidates…