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: candidate benefits of fair elections financing of House of Representatives election campaigns; allocations to candidates from the Fair Elections Fund established by this Act; 500% matching payments to candidates for certain small dollar contributions; Fund allocation eligibility requirements; certification of a federal election candidate as a participating candidate; contribution, expenditure, and fundraising requirements; a public debate requirement; remission to the Fair Elections Fund of unspent funds after an election; establishment of the Fair Elections Fund and of a Fair Elections Oversight Board; civil penalties for violation of contribution and expenditure requirements; and transfer of a portion of collected civil money penalties into the Fair Elections Fund. Prohibits: (1) use of contributions by a participating candidate for any purposes other than an election campaign, and (2) establishment of joint fundraising committees with any political committee other than a candidate's authorized committee. Prescribes a limitation on coordinated expenditures by political party committe…