Finds that our current election financing system: (1) Gives incumbents an unhealthy advantage over challengers;

(2) Hinders communication to voters by many qualified candidates;

(3) Undermines public confidence in the integrity of public officials;

(4) Drives up the cost of running for state office, discouraging otherwise qualified candidates who lack personal wealth or access to special interest funding; and

(5) Requires that elected officials spend too much of their time raising funds rather than representing the public.

Declares that this act, to be known as the Washington clean elections act, establishes an alternative campaign financing option available to candidates running for office. The alternative campaign financing program is funded entirely through voluntary donations made by individuals. The commission shall administer this chapter and the Washington clean elections account. Participating candidates must also comply with all other applicable election and campaign laws and rules.