S. 3225 · 116th Congress
Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2020
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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
ErnstSponsorNo cosponsors.
Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2020
What it does: CRS summary · Introduced in Senate · Jan 21, 2020
Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2020
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2020
Latest action (Jan 21, 2020): Read twice and referred to the Committee on Finance.
Policy area: Taxation · Origin: Senate · Introduced: Jan 21, 2020
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.