summary
Introduced
03/18/2019
03/18/2019
In Committee
03/18/2019
03/18/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
To amend the Internal Revenue Code of 1986 to increase funding for certain educational activities by terminating taxpayer financing of Presidential election campaigns, and for other purposes. 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. Of the funds remaining in the Presidential Election Campaign Fund, the Department of the Treasury must transfer $37.8 million to the 10-Year Pediatric Research Initiative Fund. To the extent that funding is provided in advance in appropriations Acts, Treasury must transfer the remainder of the funds to the Department of Education to carry out activities under title II of the Elementary and Secondary Education Act of 1965.
AI Summary
This bill, the Students and Teachers Over Politicians Act (STOP Act), terminates the taxpayer-funded financing of presidential election campaigns. Specifically, it ends the $3 income tax designation for presidential campaign financing, the Presidential Election Campaign Fund, and the Presidential Primary Matching Payment Account. The remaining funds in the Presidential Election Campaign Fund will be used to transfer $37.8 million to the 10-Year Pediatric Research Initiative Fund, with the remainder transferred to the Department of Education to carry out activities under Title II of the Elementary and Secondary Education Act of 1965. The goal of the bill is to increase funding for certain educational activities by redirecting the resources that were previously used for taxpayer financing of presidential elections.
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 03/18/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/house-bill/1827/all-info | 03/19/2019 |
| BillText | https://www.congress.gov/116/bills/hr1827/BILLS-116hr1827ih.pdf | 04/07/2019 |
| Bill | https://www.congress.gov/116/bills/hr1827/BILLS-116hr1827ih.pdf.pdf | 04/07/2019 |
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