To reduce Federal spending and the deficit by terminating taxpayer financing of Presidential election campaigns.
Bill journey · stage 2 of 5
Under committee review
What it doesSummary 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.
What just happenedFeb 7, 2017
Ordered to be Reported by the Yeas and Nays: 5 - 3.
Who’s behind it
- Introduced in HouseJan 3, 2017
- Feb 7, 2017Committee
Ordered to be Reported by the Yeas and Nays: 5 - 3.
Committee on House Administration - Feb 7, 2017Committee
Committee Consideration and Mark-up Session Held.
Committee on House Administration - Jan 3, 2017IntroReferralH11100
Referred to the Committee on Ways and Means, and in addition to the Committee on House Administration, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Committee on House Administration - Jan 3, 2017IntroReferralH11100-A
Referred to the Committee on Ways and Means, and in addition to the Committee on House Administration, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- Jan 3, 2017IntroReferralH11100
Referred to the Committee on Ways and Means, and in addition to the Committee on House Administration, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Ways and Means Committee - Jan 3, 2017IntroReferralIntro-H
Introduced in House
- Jan 3, 2017IntroReferral1000
Introduced in House