Clean Election Financing Act

[AI summary unavailable — showing source text] Clean Election Financing Act - Federal Election Campaign Fund Act - Provides that, in order to be eligible to receive any payments, a candidate of a political party in a Federal election shall, in writing: (1) agree to obtain and furnish to the Comptroller General such evidence as he may request of the qualified campaign expenses with respect to which payment is sought; (2) agree to keep and furnish to the Comptroller General such records, books, and other information as he may request; (3) agree to an audit and examination by the Comptroller General; and (4) agree to furnish statements of qualified campaign expenses and proposed qualified campaign expenses. Provides that an eligible candidate of a major party in a Federal election shall be entitled to payments equal in the aggregate to the greater of: (1) 15 cents multiplied by the voting age population of the geographical area in which the election for such office is held, as determined by the Secretary of Commerce under the Federal Election Campaign Act of 1971; (2) $175,000, if the Federal office sought is that of Senator; or (3) $90,000, if the office sought is that of Representative. Provides that an eligible candidate of a m…