Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2020
Bill journey · stage 2 of 5
Under committee review
What it doesSummary 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.
What just happenedJan 21, 2020
Read twice and referred to the Committee on Finance.
Who’s behind it
- Introduced in SenateJan 21, 2020
- Jan 21, 2020IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Jan 21, 2020IntroReferral10000
Introduced in Senate