Install
Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2025
To reduce Federal spending and the deficit by terminating taxpayer financing of Presidential election campaigns.
- Introduced
- Committee
- Passed House
- Passed Senate
- To President
- Became law
Summary
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.
Summary by the Congressional Research Service, Library of Congress.
Actions
- May 8, 2025 Referred to the House Committee on Ways and Means.
- May 8, 2025 Introduced in House
Congressional and federal records come from official public sources: the House Clerk, the U.S. Senate, GovInfo and the Library of Congress (bill status), the Federal Register, and the congress-legislators project. They are copied on a schedule and may lag the official record by a few hours; the official sources govern. News and coverage counts are drawn from the 4Search index and reflect what the press published, not 4Search's views. Nothing here is an endorsement of any candidate, party or position. Terms of use.