Install
Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2025
A bill to reduce Federal spending and the deficit by terminating taxpayer financing of Presidential election campaigns.
- Introduced
- Committee
- Passed Senate
- Passed House
- 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
- Feb 12, 2025 Read twice and referred to the Committee on Finance.
- Feb 12, 2025 Introduced in Senate
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