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S 3691 117th Congress Senate Taxation

Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2022

Introduced: February 17, 2022 Introduced by: Ernst, Joni Republican · Iowa See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 17, 2022
Read twice and referred to the Committee on Finance.
Feb 17, 2022
Introduced in Senate
 Plain-English summary Congressional Research Service

Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2022

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 February 17, 2022

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1