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Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2023
S. 500, 118th Congress
- Status
- In committee
- Introduced
- 02/16/2023
- Cosponsors
- 1
- Latest action
- 02/16/2023
About this bill
- Official title
- Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2023
- Sponsor
- Joni Ernst (R-IA)
- Introduced in
- Senate
- Policy area
- Taxation
- Committees
- Finance Committee
- Latest action
- Read twice and referred to the Committee on Finance.
Summary
Congressional Research Service, Introduced in Senate (02/16/2023)
Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2023
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.
Actions
Newest first
- 02/16/2023 · Senate
Read twice and referred to the Committee on Finance.
- 02/16/2023
Introduced in Senate
Source: U.S. Government Publishing Office, GovInfo Bill Status; Congressional Research Service summaries · Last updated 02/16/2023