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

Hozzl · 2022-02-08T23:23:07Z

Explore the details of Senate Bill 3586 Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2020 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

2/8/2022, 11:23 PM

Congressional Summary of S 3586

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 Department of Health and Human Services to acquire unexpired personal protective equipment (including face masks) for the strategic national stockpile.

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Current Status of Bill S 3586

Bill S 3586 is currently in the status of Bill Introduced since March 25, 2020. Bill S 3586 was introduced during Congress 116 and was introduced to the Senate on March 25, 2020. Bill S 3586's most recent activity was Read twice and referred to the Committee on Finance. as of March 25, 2020

Bipartisan Support of Bill S 3586

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 3586

Primary Policy Focus

Taxation

Potential Impact Areas

- Department of Health and Human Services

- Elections, voting, political campaign regulation

- Emergency medical services and trauma care

- Executive agency funding and structure

- Government trust funds

- Health technology, devices, supplies

- Presidents and presidential powers, Vice Presidents

- Public contracts and procurement

- Strategic materials and reserves

- Tax administration and collection, taxpayers

Alternate Title(s) of Bill S 3586

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

A bill to reduce Federal spending and fund the acquisition of unexpired personal protective equipment (including face masks) for the strategic national stockpile by terminating taxpayer financing of Presidential election campaigns.