US S3225

Bill

US S3225

Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2020

Introduced
01/21/2020

In Committee
01/21/2020

Crossed Over

Passed

Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

A bill 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 funds remaining in the Presidential Election Campaign Fund to the treasury for the sole purpose of reducing the deficit.

AI Summary

This bill, the Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2020, seeks to reduce federal spending and the deficit by terminating taxpayer financing of presidential election campaigns. The key provisions of this bill are: (1) it terminates the taxpayer's ability to designate $3 of their income tax liability for financing presidential election campaigns; (2) it terminates the Presidential Election Campaign Fund and the Presidential Primary Matching Payment Account; and (3) it requires the Department of the Treasury to transfer any remaining funds in the Presidential Election Campaign Fund to the general treasury for the sole purpose of reducing the deficit.

Committee Categories

Budget and Finance

Sponsors (1)

Joni Ernst (R)*,

Last Action

Read twice and referred to the Committee on Finance. (on 01/21/2020)

Official Document

https://www.congress.gov/bill/116th-congress/senate-bill/3225/all-info

(5 Companion Bills)

Version:

Document Type	Source Location	Created
State Bill Page	https://www.congress.gov/bill/116th-congress/senate-bill/3225/all-info	01/22/2020
BillText	https://www.congress.gov/116/bills/s3225/BILLS-116s3225is.pdf	01/24/2020
Bill	https://www.congress.gov/116/bills/s3225/BILLS-116s3225is.pdf.pdf	01/24/2020

Bill	Bill Name	Last Action	Type
HR1827	STOP Act Students and Teachers Over Politicians Act	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.	Related
HR2234	Jonny Wade Pediatric Cancer Research Act	Referred to the Subcommittee on Health.	Related
HR290	To reduce Federal spending and the deficit by terminating taxpayer financing of presidential election campaigns.	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.	Related
HR5956	Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2020	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.	Same As
S3586	Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2020	Read twice and referred to the Committee on Finance.	Related

Bill > S3225

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Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (1)

Last Action

Official Document

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