Only the right has signed this so far (Bill Ranking)
S. 538 · 119th Congress (2025-2026)
1 member · Left 0 · Center 0 · Right 1 (Bill Ranking)
| Sponsor | Sen. Ernst, Joni (R-IA) (Introduced 02/12/2025) |
|---|---|
| Sponsor Voting Record | Right · DW-NOMINATE +0.54 · measured from every roll-call vote this member has cast (voteview.com) (Sponsor Ranking) |
| Support |
LLLCLRR support across the spectrum: 1 member signed on (Bill Ranking) this bill: sponsor + current cosponsors, each once |
| Committees | Senate - Finance Committee |
| Latest Action | 02/12/2025 Read twice and referred to the Committee on Finance. |
| Roll Call Votes | There have been no roll call votes |
| Source | view on congress.gov → |
Introduced in Senate (02/12/2025)
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.
119 S538 IS: Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2025 U.S. Senate 2025-02-12 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. II119th CONGRESS1st SessionS. 538IN THE SENATE OF THE UNITED STATESFebruary 12, 2025Ms. Ernst introduced the following bill; which was read twice and referred to the Committee on FinanceA BILLTo reduce Federal spending and the deficit by terminating taxpayer financing of Presidential election campaigns.1.Short titleThis Act may be cited as the Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2025.2.Termination of taxpayer financing of Presidential election campaigns(a)Termination of designation of income tax paymentsSection 6096 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection:(d)TerminationThis section shall not apply to taxable years beginning after December 31, 2024..(b)Termination of fund and account(1)Termination of Presidential election campaign fund(A)In generalChapter 95 of subtitle H of such Code is amended by adding at the end the following new section:9013.TerminationThe provisions of this chapter shall not apply with respect to any Presidential election (or any Presidential nominating convention) after the date of the enactment of this section, or to any candidate in such an election..(B)Transfer of remaining fundsSection 9006 of such Code is amended by adding at the end the following new subsection:(d)Transfer of funds remaining after terminationThe Secretary shall transfer the amounts in the fund as of the date of the enactment of this subsection to the general fund of the Treasury, to be used only for reducing the deficit..(2)Termination of accountChapter 96 of subtitle H of such Code is amended by adding at the end the following new section:9043.TerminationThe provisions of this chapter shall not apply to any candidate with respect to any Presidential election after the date of the enactment of this section..(c)Clerical amendments(1)The table of sections for chapter 95 of subtitle H of such Code is amended by adding at the end the following new item:Sec. 9013. Termination..(2)The table of sections for chapter 96 of subtitle H of such Code is amended by adding at the end the following new item:Sec. 9043. Termination..
The bill's own words, from our database (synced from the GPO BILLS XML); paragraph breaks added at the bill's section boundaries, nothing else changed.
| Date | Chamber | All Actions |
|---|---|---|
| 02/12/2025 | Library of Congress | Introduced in Senate |
| 02/12/2025 | Senate | Read twice and referred to the Committee on Finance. |
| Title Type | Title |
|---|---|
| Official Title as Introduced | A bill to reduce Federal spending and the deficit by terminating taxpayer financing of Presidential election campaigns. |
| Display Title | Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2025 |
| Short Title(s) as Introduced | Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2025 |
There are no amendments to this bill.
There are no cosponsors of this bill.
| Committee | Activity |
|---|---|
| Senate - Finance Committee | 02/12/2025 Referred To |
Policy Area: Taxation
No legislative subjects have been assigned yet.
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