A bill to repeal subtitle h of the Internal Revenue Code of 1954.

Provides for the repeal of subtitle H of the Internal Revenue Code of 1954 (relating to financing of Presidential election campaigns). Provides that any amount in the Presidential Election Campaign Fund established by the Internal Revenue Code shall be transferred to the General Fund of the Treasury one day after the enactment of this Act. (Repeals 26 U.S.C. 9001-9013)