Bill Sponsor
Senate Bill 3225
116th Congress(2019-2020)
Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2020
Introduced
Introduced
Introduced in Senate on Jan 21, 2020
Overview
Text
Sponsor
Introduced
Jan 21, 2020
Latest Action
Jan 21, 2020
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
3225
Congress
116
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
Sponsorship by Party
Republican
Iowa
Senate Votes (0)
House Votes (0)
No Senate votes have been held for this bill.
Summary

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.

Text (1)
January 21, 2020
Actions (2)
01/21/2020
Read twice and referred to the Committee on Finance.
01/21/2020
Introduced in Senate
Public Record
Record Updated
Feb 9, 2022 1:42:21 AM