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Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2022
12/29/2022, 9:33 PM
Congressional Summary of S 3691
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.
Read the Full Bill
Current Status of Bill S 3691
Bill S 3691 is currently in the status of Bill Introduced since February 17, 2022. Bill S 3691 was introduced during Congress 117 and was introduced to the Senate on February 17, 2022. Bill S 3691's most recent activity was Read twice and referred to the Committee on Finance. as of February 17, 2022
Bipartisan Support of Bill S 3691
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 3691
Primary Policy Focus
TaxationAlternate Title(s) of Bill S 3691
Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2022
Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2022
A bill to reduce Federal spending and the deficit by terminating taxpayer financing of Presidential election campaigns.
Comments
Sponsors and Cosponsors of S 3691
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