S 500 · 118th Congress · Taxation

Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2023

Introduced 2023-02-16· Sponsored by Sen. Ernst, Joni [R-IA]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(2023-02-16)

Plain Language Summary

[AI summary unavailable — showing source text] Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2023 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

Cosponsors (1)

1 Republican
Sen. Ricketts, Pete [R-NE]NE