H.R. 3311 · 119th Congress
Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2025
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SteubeSponsorNo cosponsors.
Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2025
What it does: CRS summary · Introduced in House · May 8, 2025
Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2025
This bill terminates (1) the taxpayer election (on the federal income tax form) to designate $3 of income tax liability to be paid to the Presidential Election Campaign Fund (which would otherwise go into the general fund of the Treasury) for financing of presidential election campaigns, (2) the Presidential Election Campaign Fund, and (3) the Presidential Primary Matching Payment Account. The bill also requires funds remaining in the Presidential Election Campaign Fund to be transferred to the general fund of 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 2025
Latest action (May 8, 2025): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: May 8, 2025
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.