S. 3691
Referred to CommitteeEliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2022
Latest Action
Read twice and referred to the Committee on Finance.
2/17/2022 • Senate
Summary
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.
Introduced in Senate • 2/17/2022
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Bill Journey
Originated in the Senate
Introduced
February 17, 2022
Read twice and referred to the Committee on Finance.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law