H.R. 133 · 115th Congress
To reduce Federal spending and the deficit by terminating taxpayer financing of Presidential election…
Full title
To reduce Federal spending and the deficit by terminating taxpayer financing of Presidential election campaigns.
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Never voted on. It didn't reach a floor vote before the 115th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
ColeSponsorNo cosponsors.
This bill amends the Internal Revenue Code to terminate: (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.
What it does: CRS summary · Introduced in House · Jan 3, 2017
This bill amends the Internal Revenue Code to terminate: (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: (1) specified funds remaining in the Presidential Election Campaign Fund to the 10-Year Pediatric Research Initiative Fund, and (2) the remainder of the funds to the general fund of the Treasury for deficit reduction.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: To reduce Federal spending and the deficit by terminating taxpayer financing of Presidential election campaigns.
Latest action (Feb 7, 2017): Ordered to be Reported by the Yeas and Nays: 5 - 3.
Policy area: Taxation · Origin: House · Introduced: Jan 3, 2017
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.