Strengthen the Pediatric Research Initiative Act

Subjects: Taxation

Summary:  <p><strong>Strengthen the Pediatric Research Initiative Act </strong></p> <p>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.</p> <p>The Department of the Treasury must transfer the funds remaining in the Presidential Election Campaign Fund to the Pediatric Research Initiative Fund.</p>

<html><body><pre>[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 546 Introduced in House (IH)]

&lt;DOC&gt;






118th CONGRESS
  1st Session
                                H. R. 546

To extend funding for the Pediatric Research Initiative by terminating 
         taxpayer financing of presidential election campaigns.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 26, 2023

  Mr. Cole (for himself, Mr. McCaul, Mr. Calvert, Mr. Rutherford, Mr. 
Fleischmann, and Mr. Fitzpatrick) introduced the following bill; which 
was referred to the Committee on Ways and Means, and in addition to the 
  Committees on Energy and Commerce, and 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

_______________________________________________________________________

                                 A BILL


 
To extend funding for the Pediatric Research Initiative by terminating 
         taxpayer financing of presidential election campaigns.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Strengthen the Pediatric Research 
Initiative Act''.

SEC. 2. TERMINATION OF TAXPAYER FINANCING OF PRESIDENTIAL ELECTION 
              CAMPAIGNS.

    (a) Termination of Designation of Income Tax Payments.--Section 
6096 of the Internal Revenue Code of 1986 is amended by adding at the 
end the following new subsection:
    ``(d) Termination.--This section shall not apply to taxable years 
beginning after December 31, 2022.''.
    (b) Termination of Fund and Account.--
            (1) Termination of presidential election campaign fund.--
                    (A) In general.--Chapter 95 of subtitle H of such 
                Code is amended by adding at the end the following new 
                section:

``SEC. 9014. TERMINATION.

    ``The 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 funds.--Section 9006 of 
                such Code is amended by adding at the end the following 
                new subsection:
    ``(d) Transfer of Funds Remaining After Termination.--The Secretary 
shall transfer the amounts in the fund as of the date of the enactment 
of this subsection to the Pediatric Research Initiative Fund described 
in section 9008(i)(2), to be available as described in such section.''.
            (2) Termination of account.--Chapter 96 of subtitle H of 
        such Code is amended by adding at the end the following new 
        section:

``SEC. 9043. TERMINATION.

    ``The 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. 9014. 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.''.

SEC. 3. FUNDING FOR THE PEDIATRIC RESEARCH INITIATIVE.

    (a) Description of Fund.--Section 402A(a)(2) of the Public Health 
Service Act (42 U.S.C. 282a(a)(2)) is amended--
            (1) in the heading--
                    (A) by striking ``10-year''; and
                    (B) by striking ``through common fund'';
            (2) by striking ``to the Common Fund'' and inserting ``to 
        the Division of Program Coordination, Planning, and Strategic 
        Initiatives'';
            (3) by striking ``10-Year'';
            (4) by striking ``and reserved under subsection 
        (c)(1)(B)(i) of this section''; and
            (5) by inserting before the period the following: ``, and 
        amounts transferred into the Pediatric Research Initiative Fund 
        under section 9006(d) of the Internal Revenue Code of 1986''.
    (b) Conforming Amendment to Public Health Service Act.--Section 
402(b)(7)(B)(ii) of the Public Health Service Act (42 U.S.C. 
282(b)(7)(B)(ii)) is amended by striking ``the Common Fund'' and 
inserting ``the Division of Program Coordination, Planning, and 
Strategic Initiatives''.
    (c) Conforming Amendment to Internal Revenue Code of 1986.--Section 
9008(i)(2) of the Internal Revenue Code of 1986 is amended by striking 
``10-Year''.
                                 &lt;all&gt;
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