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Main Subject: Taxation

Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2022

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.

Senate Actions

IntroReferral
Feb. 17 2022	Read twice and referred to the Committee on Finance.

Library of Congress Actions

IntroReferral
Feb. 17 2022	Introduced in Senate

Senate bill S3691-117

Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2022

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