Bill

Bill > HR290


US HR290

US HR290
To reduce Federal spending and the deficit by terminating taxpayer financing of presidential election campaigns.


summary

Introduced
01/08/2019
In Committee
01/08/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

To reduce Federal spending and the deficit by terminating taxpayer financing of presidential election campaigns. 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 the funds remaining in the Presidential Election Campaign Fund to the 10-Year Pediatric Research Initiative Fund.

AI Summary

This bill terminates the taxpayer financing of presidential election campaigns. Specifically, it eliminates (1) the ability for taxpayers to designate $3 of their income tax liability for financing presidential election campaigns, (2) the Presidential Election Campaign Fund, and (3) the Presidential Primary Matching Payment Account. The remaining funds in the Presidential Election Campaign Fund will be transferred to the 10-Year Pediatric Research Initiative Fund.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

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. (on 01/08/2019)

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