HR 133 · 115th Congress · Taxation
To reduce Federal spending and the deficit by terminating taxpayer financing of Presidential election campaigns.
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Ordered to be Reported by the Yeas and Nays: 5 - 3.(2017-02-07)
Plain Language Summary
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This bill amends the Internal Revenue Code to terminate: (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: (1) specified funds remaining in the Presidential Election Campaign Fund to the 10-Year Pediatric Research Initiative Fund, and (2) the remainder of the funds to the general fund of the Treasury for deficit reduction.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 133, a bill to reduce federal spending and the deficit by terminating taxpayer financing of Presidential election campaigns
Feb 23, 2017As ordered reported by the Committee on House Administration on February 7, 2017
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office