S. 538In Committee
Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2025
Terminates the presidential campaign tax checkoff and related public financing accounts, and transfers remaining fund balances to the Treasury to reduce the deficit
Plain-English overview
What this bill does
Terminates the presidential campaign tax checkoff and related public financing accounts, and transfers remaining fund balances to the Treasury to reduce the deficit
Key points
- Transfer remaining balances
- Abolish campaign financing fund
- Abolish primary matching payment account
- Terminate tax checkoff designation
Current status
Where it stands
Status
In Committee
Latest action
2025-02-12 — Read twice and referred to the Committee on Finance.
Related context
Topics and policy areas
undefinedTaxation