Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S4074)
Congressional Research Service
Official summary
Version 00 · Introduced in Senate · Mar 31, 2009
Fair Elections Revenue Act of 2009 - Amends the Internal Revenue Code to impose an excise tax on payments made pursuant to a U.S. government contract to any person which is not a state or local government or a foreign nation and has contracts with the U.S. government in excess of $10 million. Sets the rate of such tax at 0.50% of amounts paid under any such contract and limits the aggregate annual amount of tax imposed each year to not more than $500,000.
Expresses the sense of the Senate that the tax revenues raised by this Act be used for the financing of a Fair Elections Fund and the public financing of Senate elections.
No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: Aug 14, 2025. Consult Congress.gov for the current record.
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