To reduce Federal spending and the deficit by terminating taxpayer financing of presidential election campaigns.
Latest action · Dec 3, 2015 Reported by the Committee on House Administration. H. Rept. 114-362, Part I.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJan 20, 2015
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)
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 for taxable years beginning after December 31, 2014, (2) the Presidential Election Campaign Fund, and (3) the Presidential Primary Matching Payment Account.
Of the amounts in the Fund as of the date of enactment of this Act: (1) a specified amount shall be transferred to the 10-Year Pediatric Research Initiative Fund, and (2) the remainder shall be transferred to the general fund of the Treasury to be used only for reducing the budget deficit.
Cosponsors 1
Members who signed on, in the order they did. All signed on Mar 4, 2015.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-VA | Barbara Comstock | Mar 4, 2015 |
Actions 4
Everything that happened, newest first.
- Dec 3, 2015Reported by the Committee on House Administration. H. Rept. 114-362, Part I.
- Mar 4, 2015Committee Consideration and Mark-up Session Held.
- Jan 20, 2015Introduced in House
- Jan 20, 2015Referred 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.
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Jan 20, 2015Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.