To reduce Federal spending and the deficit by terminating taxpayer financing of presidential election campaigns.

Reported by the Committee on House Administration. H. Rept. 114-362, Part I.

Congressional Research Service

Official summary

Version 28 · Reported to House without amendment, Part I · Dec 3, 2015

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

This bill amends the Internal Revenue Code to terminate: (1) the taxpayer election to designate $3 of income tax liability for financing of presidential election campaigns for taxable years beginning after December 31, 2014, (2) the Presidential Election Campaign Fund, and (3) the Presidential Primary Matching Payment Account.

Of the amounts in the Fund as of the date of enactment of this Act: (1) a specified amount shall be transferred to the 10-Year Pediatric Research Initiative Fund, and (2) the remainder shall be transferred to the general fund of the Treasury to be used only for reducing the budget deficit.

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People & committees

Who introduced it

Rep. Cole, Tom [R-OK-4] · R–OK

Committees

Committee on House Administration
Ways and Means Committee

1 cosponsorship records, including any withdrawals

Rep. Comstock, Barbara [R-VA-10]

Legislative record

Actions

A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.

Dec 3, 2015
Reported by the Committee on House Administration. H. Rept. 114-362, Part I.
Dec 3, 2015
Reported by the Committee on House Administration. H. Rept. 114-362, Part I.
Mar 4, 2015
Committee Consideration and Mark-up Session Held.
Jan 20, 2015
Referred to the Committee on Ways and Means, and in addition to the Committee on House Administration, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Jan 20, 2015
Referred to the Committee on Ways and Means, and in addition to the Committee on House Administration, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Jan 20, 2015
Referred to the Committee on Ways and Means, and in addition to the Committee on House Administration, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Jan 20, 2015
Introduced in House
Jan 20, 2015
Introduced in House

Primary sources

Bill text & related measures

Text links open the official source. We currently store references to these documents.

Introduced in House · Jan 20, 2015 Formatted Text PDF Formatted XML

Related bills identified by Congress.gov

HR 133 · To reduce Federal spending and the deficit by terminating taxpayer financing of Presidential election campaigns.

Source last updated: Apr 7, 2025. Consult Congress.gov for the current record.

AI Conversation Starters

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Neutral evidence review

Objective

Analyze H.R.412 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

View full prompt & sources

Discuss H.R.412, 114th Congress: To reduce Federal spending and the deficit by terminating taxpayer financing of presidential election campaigns.

Official record: https://www.congress.gov/bill/114th-congress/house-bill/412

Text version to examine: Introduced in House · 2015-01-20.

Official full text: https://www.congress.gov/114/bills/hr412/BILLS-114hr412ih.htm

Imported record last updated by the source: 2025-04-07T15:41:33Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Analyze H.R.412 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

Fairness and public impact

Progressive lens

Examine H.R.412 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

View full prompt & sources

Discuss H.R.412, 114th Congress: To reduce Federal spending and the deficit by terminating taxpayer financing of presidential election campaigns.

Official record: https://www.congress.gov/bill/114th-congress/house-bill/412

Text version to examine: Introduced in House · 2015-01-20.

Official full text: https://www.congress.gov/114/bills/hr412/BILLS-114hr412ih.htm

Imported record last updated by the source: 2025-04-07T15:41:33Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.412 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

Institutions and government scope

Conservative lens

Examine H.R.412 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

View full prompt & sources

Discuss H.R.412, 114th Congress: To reduce Federal spending and the deficit by terminating taxpayer financing of presidential election campaigns.

Official record: https://www.congress.gov/bill/114th-congress/house-bill/412

Text version to examine: Introduced in House · 2015-01-20.

Official full text: https://www.congress.gov/114/bills/hr412/BILLS-114hr412ih.htm

Imported record last updated by the source: 2025-04-07T15:41:33Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.412 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

Individual rights and government power

Liberty lens

Examine H.R.412 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.

View full prompt & sources

Discuss H.R.412, 114th Congress: To reduce Federal spending and the deficit by terminating taxpayer financing of presidential election campaigns.

Official record: https://www.congress.gov/bill/114th-congress/house-bill/412

Text version to examine: Introduced in House · 2015-01-20.

Official full text: https://www.congress.gov/114/bills/hr412/BILLS-114hr412ih.htm

Imported record last updated by the source: 2025-04-07T15:41:33Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.412 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.