Skip to main content
S 749 112th Congress Senate Taxation Elections, voting, political campaign regulation Government trust funds Public contracts and procurement Sales and excise taxes Senate

Fair Elections Revenue Act of 2011

Introduced: April 6, 2011 Introduced by: Durbin, Richard J. Democratic · Illinois See on congress.gov
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 12, 2011
Committee on the Judiciary Subcommittee on the Constitution, Civil Rights and Human Rights. Hearings held.
Apr 6, 2011
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S2202)
Apr 6, 2011
Introduced in Senate
 Plain-English summary Congressional Research Service

Fair Elections Revenue Act of 2011 - Amends the Internal Revenue Code to impose an excise tax on payments made pursuant to a U.S. government contract to any person that is not a state or local government, a foreign nation, or a tax-exempt organization and that has contracts with the U.S. government in excess of $10 million. Sets the rate of such tax imposed on any payment to a qualified person under any such contract at 0.50% of the amount paid and limits the aggregate annual amount of tax so imposed for any calendar year to not more than $500,000.

Expresses the sense of the Senate that the tax revenues raised by this Act should be used for the financing of a Fair Elections Fund and the public financing of Senate elections.

What's happening now April 12, 2011

Committee on the Judiciary Subcommittee on the Constitution, Civil Rights and Human Rights. Hearings held.

 Committees of jurisdiction 3
 Cosponsors 4
All 4 Democratic 3 Independent 1