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S. 500 118th Congress Senate

Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2023

Official title: A bill to reduce Federal spending and the deficit by terminating taxpayer financing of Presidential election campaigns.

Introduced: February 16, 2023 Introduced by: Joni Ernst Republican · Iowa See on congress.gov
Taxation
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 16, 2023
Read twice and referred to the Committee on Finance.
Feb 16, 2023
Introduced in Senate
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 Latest action February 16, 2023

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2023

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.

 Related & companion bills 1
  • HR 546 Strengthen the Pediatric Research Initiative Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Ricketts, Pete
Nebraska · Jul 31, 2024
Cite this page click to expand
APA
U.S. Congress. (2026). S. 500: Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2023. 118th Congress. Open America. https://openamerica.io/bill/118-S-500/
MLA
"S. 500: Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2023." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-S-500/.
Bluebook (legal)
S. 500, 118th Cong. (2026), https://openamerica.io/bill/118-S-500/.
Markdown link
[S. 500: Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2023](https://openamerica.io/bill/118-S-500/)
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