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HR 133 115th Congress House Taxation Budget deficits and national debt Child health Elections, voting, political campaign regulation Government trust funds Health programs administration and funding Medical research Research administration and funding Tax administration and collection, taxpayers

To reduce Federal spending and the deficit by terminating taxpayer financing of Presidential election campaigns.

Introduced: January 3, 2017 Introduced by: Cole, Tom Republican · Oklahoma See on congress.gov
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 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 7, 2017
Ordered to be Reported by the Yeas and Nays: 5 - 3.
Feb 7, 2017
Committee Consideration and Mark-up Session Held.
Jan 3, 2017
Referred to the Committee on Ways and Means, and in addition to the Committee on House Administration, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Jan 3, 2017
Introduced in House
 Plain-English summary Congressional Research Service

This bill amends the Internal Revenue Code to terminate: (1) the taxpayer election to designate $3 of income tax liability for financing of presidential election campaigns, (2) the Presidential Election Campaign Fund, and (3) the Presidential Primary Matching Payment Account.

The Department of the Treasury must transfer: (1) specified funds remaining in the Presidential Election Campaign Fund to the 10-Year Pediatric Research Initiative Fund, and (2) the remainder of the funds to the general fund of the Treasury for deficit reduction.

What's happening now February 7, 2017

Ordered to be Reported by the Yeas and Nays: 5 - 3.

 Committees of jurisdiction 2