Clean Elections Act

[AI summary unavailable — showing source text] Clean Elections Act - Title I: Federal Elections Commission - Creates a six-member independent Federal Elections Commission: 2 members appointed by the Speaker of the House of Representatives, 2 members appointed by the President pro tempore of the Senate, and 2 members appointed by the President. Specifies that the Commission shall have full legal powers. Authorizes the Commission to use the personnel and facilities of the General Accounting Office. Requires the Commission to submit its budget directly to Congress along with any recommendations it may have for legislation. Transfers specified functions of the Secretary of the Senate, the GAO and the Clerk of the House to the Commission. Requires each candidate for Federal office to have a central campaign committee through which all reports must pass. Requires the central committee to file its report with the Commission. Specifies that reports contain all contributions in excess of $100 and that cash contributions of $2,500 or more be reported within 24 hours. Requires a financial report to be filed 10 days before an election. Title II: Federal Matching Payment Entitlement Fund - Establishes on the books of the Treasury of the Uni…