H.R.2876 - To abolish the Presidential Election Campaign Fund.102nd Congress (1991-1992)
|Sponsor:||Rep. Herger, Wally [R-CA-2] (Introduced 07/11/1991)|
|Committees:||House - House Administration; Ways and Means|
|Latest Action:||House - 07/15/1991 Referred to the Subcommittee on Elections. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
Text: H.R.2876 — 102nd Congress (1991-1992)All Information (Except Text)
There is one version of the bill.
Text available as:
- This text predates authenticated digital publishing. It may be incomplete.
Introduced in House
HR 2876 IH 102d CONGRESS 1st Session H. R. 2876 To abolish the Presidential Election Campaign Fund. IN THE HOUSE OF REPRESENTATIVES July 11, 1991 Mr. HERGER (for himself, Mr. HEFLEY, Mr. PACKARD, Mr. LIVINGSTON, Mr. OXLEY, Mr. DELAY, Mr. DORNAN of California, Mr. DREIER of California, Mr. MCCOLLUM, Mr. CRANE, Mr. RAMSTAD, Mr. BLAZ, Mr. SANTORUM, and Mr. DUNCAN) introduced the following bill; which was referred jointly to the Committees on Ways and Means and House Administration A BILL To abolish the Presidential Election Campaign Fund. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. ABOLITION OF THE PRESIDENTIAL ELECTION CAMPAIGN FUND. (a) IN GENERAL- Subtitle H of the Internal Revenue Code of 1986 is repealed. (b) CONFORMING REPEAL OF THE INCOME TAX CHECKOFF FOR THE PRESIDENTIAL ELECTION CAMPAIGN FUND- Part VIII of subchapter A of chapter 61 of the Internal Revenue Code of 1986 is repealed. SEC. 2. BALANCES REMAINING IN THE FUND. Any balance in the Presidential Election Campaign Fund (including the Presidential Primary Matching Payment Account) shall be available for use by the Secretary of the Treasury until the end of the first fiscal year after the fiscal year in which this Act is enacted. Such use shall be for the purposes of the Fund, but only to the extent required for obligations existing on the date of the enactment of this Act. After the end of the period specified in the preceding sentence, any balance remaining in the Fund shall be deposited in the Treasury as a miscellaneous receipt. SEC. 3. RESPONSIBILITIES OF THE SECRETARY OF THE TREASURY AND THE FEDERAL ELECTION COMMISSION. The Secretary of the Treasury and the Federal Election Commission shall take such action as may be necessary to carry out this Act.