0
0

Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2020

2/9/2022, 1:42 AM

Congressional Summary of S 3225

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.

Read the Full Bill

Formatted TextPDFFormatted XML

Current Status of Bill S 3225

Bill S 3225 is currently in the status of Bill Introduced since January 21, 2020. Bill S 3225 was introduced during Congress 116 and was introduced to the Senate on January 21, 2020.  Bill S 3225's most recent activity was Read twice and referred to the Committee on Finance. as of January 21, 2020

Bipartisan Support of Bill S 3225

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 3225

Primary Policy Focus

Taxation

Potential Impact Areas

- Budget deficits and national debt
- Elections, voting, political campaign regulation
- Government trust funds
- Presidents and presidential powers, Vice Presidents
- Tax administration and collection, taxpayers

Alternate Title(s) of Bill S 3225

Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2020
Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2020
A bill to reduce Federal spending and the deficit by terminating taxpayer financing of Presidential election campaigns.

Comments

Sponsors and Cosponsors of S 3225

Joni Ernst
Joni Ernst
IowaRepublican

Latest Bills

Unfunded Mandates Accountability and Transparency Act of 2025
Bill HR 580January 22, 2026
Warriors to Workforce Act
Bill HR 982January 22, 2026
To amend title 38, United States Code, to prohibit an educational institution from withholding a transcript from an individual who pursued a course or program of education at such institution using Post-9/11 educational assistance.
Bill HR 5436January 22, 2026
Improving SCRA Benefit Utilization Act
Bill HR 3159January 22, 2026
Muhammad Ali American Boxing Revival Act
Bill HR 4624January 22, 2026
Clean Air and Building Infrastructure Improvement Act
Bill HR 4214January 22, 2026
No Tax on Home Sales Act
Bill HR 4327January 22, 2026
Pilot Certificate Accessibility Act
Bill HR 2247January 22, 2026
Expanding Appalachia’s Broadband Access Act
Bill HR 2474January 22, 2026
Daniel J. Harvey, Jr. and Adam Lambert Improving Servicemember Transition to Reduce Veteran Suicide Act
Bill HR 2878January 22, 2026
Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2020
Bill S 3586February 8, 2022
Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2020
Bill HR 5956February 8, 2022