Text: H.R.2876 — 102nd Congress (1991-1992)All Information (Except Text)

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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  (a) IN GENERAL- Subtitle H of the Internal Revenue Code of 1986 is repealed.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  Internal Revenue Code of 1986 is repealed.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.

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