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Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2025

USA119th CongressS-538| Senate 
| Updated: 2/12/2025
Joni Ernst

Joni Ernst

Republican Senator

Iowa

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
The "Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2025" seeks to terminate federal taxpayer financing for Presidential election campaigns and nominating conventions. This legislation amends the Internal Revenue Code to cease the designation of income tax payments for this purpose for taxable years beginning after December 31, 2024. Furthermore, the bill explicitly terminates the Presidential Election Campaign Fund and the Presidential Primary Matching Payment Account for all future elections. Any funds remaining in the Presidential Election Campaign Fund upon the bill's enactment will be transferred to the general fund of the Treasury, designated specifically for reducing the national deficit .
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Timeline

Bill from Previous Congress

S 116-3586
Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2020

Bill from Previous Congress

S 116-3225
Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2020

Bill from Previous Congress

S 117-3691
Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2022

Bill from Previous Congress

S 118-500
Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2023
Feb 12, 2025
Introduced in Senate
Feb 12, 2025
Read twice and referred to the Committee on Finance.
May 8, 2025

Latest Companion Bill Action

HR 119-3311
Introduced in House
  • Bill from Previous Congress

    S 116-3586
    Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2020


  • Bill from Previous Congress

    S 116-3225
    Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2020


  • Bill from Previous Congress

    S 117-3691
    Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2022


  • Bill from Previous Congress

    S 118-500
    Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2023


  • February 12, 2025
    Introduced in Senate


  • February 12, 2025
    Read twice and referred to the Committee on Finance.


  • May 8, 2025

    Latest Companion Bill Action

    HR 119-3311
    Introduced in House

Taxation

Related Bills

  • HR 119-3311: Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2025

Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2025

USA119th CongressS-538| Senate 
| Updated: 2/12/2025
The "Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2025" seeks to terminate federal taxpayer financing for Presidential election campaigns and nominating conventions. This legislation amends the Internal Revenue Code to cease the designation of income tax payments for this purpose for taxable years beginning after December 31, 2024. Furthermore, the bill explicitly terminates the Presidential Election Campaign Fund and the Presidential Primary Matching Payment Account for all future elections. Any funds remaining in the Presidential Election Campaign Fund upon the bill's enactment will be transferred to the general fund of the Treasury, designated specifically for reducing the national deficit .
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

S 116-3586
Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2020

Bill from Previous Congress

S 116-3225
Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2020

Bill from Previous Congress

S 117-3691
Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2022

Bill from Previous Congress

S 118-500
Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2023
Feb 12, 2025
Introduced in Senate
Feb 12, 2025
Read twice and referred to the Committee on Finance.
May 8, 2025

Latest Companion Bill Action

HR 119-3311
Introduced in House
  • Bill from Previous Congress

    S 116-3586
    Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2020


  • Bill from Previous Congress

    S 116-3225
    Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2020


  • Bill from Previous Congress

    S 117-3691
    Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2022


  • Bill from Previous Congress

    S 118-500
    Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2023


  • February 12, 2025
    Introduced in Senate


  • February 12, 2025
    Read twice and referred to the Committee on Finance.


  • May 8, 2025

    Latest Companion Bill Action

    HR 119-3311
    Introduced in House
Joni Ernst

Joni Ernst

Republican Senator

Iowa

Finance Committee

Taxation

Related Bills

  • HR 119-3311: Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2025
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted