HR 5956 · 116th Congress · Taxation

Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2020

Introduced 2020-02-25· Sponsored by Rep. Gallagher, Mike [R-WI-8]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Committee on Ways and Means, and in addition to the Committee on House Administration, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.(2020-02-25)

Plain Language Summary

[AI summary unavailable — showing source text] Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2020 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only