Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2025
The summary
What this bill does
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.
Legislative timeline
From introduction
Feb 12, 2025
Introduced & referred to committee
Congressional support
Sponsors & Cosponsors
U.S. Representative - IA · R-IA
Roll-call vote
The vote, by member
The vote, by member
VERSION CHANGES
What changed,
and where.
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Bill Metadata
| Congress | 119 |
| Bill Type | S |
| Bill Number | 538 |
| Origin Chamber | Senate |
| Current Status | Read twice and referred to the Committee on Finance. |
| Policy Area | Taxation |
| Primary Committee | Not assigned |
| Introduced | February 12, 2025 |
| Latest Action | February 12, 2025 |
| Cosponsors | 0 · House vote — · — views |