Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2020

Bill: 116-s-3586
Sponsor: full_name: Sen. Ernst, Joni [R-IA]
Introduced: 2020-03-25
Policy area: Taxation
Subjects: Department of Health and Human Services

Elections, voting, political campaign regulation

Emergency medical services and trauma care

Executive agency funding and structure

Government trust funds

Health technology, devices, supplies

Presidents and presidential powers, Vice Presidents

Public contracts and procurement

Strategic materials and reserves

Tax administration and collection, taxpayers
Latest action: action_date: 2020-03-25
text: Read twice and referred to the Committee on Finance.

Summaries:
action_date: 2020-03-25
action_desc: Introduced in Senate
text: <p><b>Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2020</b></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. The Department of the Treasury must transfer funds remaining in the Presidential Election Campaign Fund to the Department of Health and Human Services to acquire unexpired personal protective equipment (including face masks) for the strategic national stockpile.</p>

tv_txt: II 116th CONGRESS 2d Session S. 3586 IN THE SENATE OF THE UNITED STATES March 25, 2020 Ms. Ernst (for herself and Mr. Paul ) introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To reduce Federal spending and fund the acquisition of unexpired personal protective equipment (including face masks) for the strategic national stockpile by terminating taxpayer financing of Presidential election campaigns.

1. Short title This Act may be cited as the Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2020 . 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, 2019. . (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: 9013. 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 Department of Health and Human Services to be used to acquire unexpired personal protective equipment (including face masks) for the strategic national stockpile under section 319F–2 of the Public Health Service Act. . (2) Termination of account Chapter 96 of subtitle H of such Code is amended by adding at the end the following new section: 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. 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. .