H.R.359 - To reduce Federal spending and the deficit by terminating taxpayer financing of presidential election campaigns and party conventions.112th Congress (2011-2012)
|Sponsor:||Rep. Cole, Tom [R-OK-4] (Introduced 01/20/2011)|
|Committees:||House - Ways and Means; House Administration|
|Latest Action:||03/01/2011 Cloture motion on the motion to proceed to the bill withdrawn by unanimous consent in Senate.|
|Major Recorded Votes:||01/26/2011 : Passed House|
This bill has the status Passed House
Here are the steps for Status of Legislation:
- Passed House
Summary: H.R.359 — 112th Congress (2011-2012)All Bill Information (Except Text)
Passed House amended (01/26/2011)
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.
Requires the Secretary of the Treasury to transfer all amounts in the Presidential Election Campaign Fund after its termination to the general fund of the Treasury, to be used only for deficit reduction.