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Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2025

Read twice and referred to the Committee on Finance.

Official summary

Version 00 · Introduced in Senate · Feb 12, 2025

Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2025

This bill terminates (1) the taxpayer election (on the federal income tax form) to designate $3 of income tax liability to be paid to the Presidential Election Campaign Fund (which would otherwise go into the general fund of the Treasury) for financing of presidential election campaigns, (2) the Presidential Election Campaign Fund, and (3) the Presidential Primary Matching Payment Account. The bill also requires funds remaining in the Presidential Election Campaign Fund to be transferred to the general fund of the Treasury for the sole purpose of reducing the deficit.

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Who introduced it

Sen. Ernst, Joni [R-IA] · R–IA

Committees

  • Finance Committee
0 cosponsorship records, including any withdrawals

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    1. Read twice and referred to the Committee on Finance.

    2. Introduced in Senate

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