Senate Bill 3691
117th Congress(2021-2022)
Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2022
Introduced
Introduced in Senate on Feb 17, 2022
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
3691
Congress
117
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No Senate votes have been held for this bill.
Summary
Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2022
This bill terminates (1) the taxpayer election to designate $3 of income tax liability for financing of presidential election campaigns, (2) the Presidential Election Campaign Fund, and (3) the Presidential Primary Matching Payment Account. The Department of the Treasury must transfer funds remaining in the Presidential Election Campaign Fund to the treasury for the sole purpose of reducing the deficit.
February 17, 2022
Sort by most recent
02/17/2022
Read twice and referred to the Committee on Finance.
02/17/2022
Introduced in Senate
Public Record
Record Updated
Dec 29, 2022 9:33:29 PM