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

115th Congress

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

Sponsor: Rep. Tom Cole — R — OK

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.

View the full vote history of this bill on GovTrack.us.