Clean Money, Clean Elections Act - Amends the Federal Election Campaign Act of 1971 (FECA) to: (1) prescribe eligibility and qualifying contribution requirements, seed money limits, and benefits of clean money financing of House election campaigns; (2) set forth requirements applicable to clean money candidates; (3) direct the Federal Election Commission (FEC) to certify whether or not a candidate is a clean money candidate; (4) establish in the Treasury a House of Representatives Election Fund for clean money financing; (5) set forth requirements concerning reporting of certain expenditures of private money candidates and reporting of certain independent expenditures; (6) limit expenditures that may be made by political party committees in connection with the general election campaign of a House election in which one or more of the candidates is a clean money candidate; and (7) provide for the treatment of coordinated expenditures as contributions.
Amends the Communications Act of 1934 to entitle clean money candidates to receive specified free broadcast time and reduced broadcast rates under certain circumstances.
Amends Federal postal law to prohibit franked mass mailings by Members of Congress (except notices of public meetings) during primary and general election periods, unless they are not candidates for re-election or election to any other Federal office.
Amends FECA to revise requirements for the composition and terms of FEC Commissioners and mandate electronic filing of FEC reports, among other changes, including those made with respect to audits, authority to seek injunction, and standard for investigation.