H.R. 133 — To reduce Federal spending and the deficit by terminating taxpayer financing of Presidential election campaigns. | PoliFocus

H.R. 133115th Congress

To reduce Federal spending and the deficit by terminating taxpayer financing of Presidential election campaigns.

Subjects

Taxation

Summary

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, (2) the Presidential Election Campaign Fund, and (3) the Presidential Primary Matching Payment Account.

The Department of the Treasury must transfer: (1) specified funds remaining in the Presidential Election Campaign Fund to the 10-Year Pediatric Research Initiative Fund, and (2) the remainder of the funds to the general fund of the Treasury for deficit reduction.

Full Text

Legislative Actions

2017-01-03
Introduced in House
2017-01-03
Introduced in House
2017-01-03
Referred 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.
2017-01-03
Referred 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.
2017-01-03
Referred 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.
2017-02-07
Committee Consideration and Mark-up Session Held.
2017-02-07
Ordered to be Reported by the Yeas and Nays: 5 - 3.

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