S 3225
116th Congress
Senate
Taxation
Budget deficits and national debt
Elections, voting, political campaign regulation
Government trust funds
Presidents and presidential powers, Vice Presidents
Tax administration and collection, taxpayers
Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2020
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 21, 2020
Read twice and referred to the Committee on Finance.
Jan 21, 2020
Introduced in Senate
Plain-English summary
Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2020
This bill terminates (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 funds remaining in the Presidential Election Campaign Fund to the treasury for the sole purpose of reducing the deficit.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1