H.R.290 - To reduce Federal spending and the deficit by terminating taxpayer financing of presidential election campaigns.116th Congress (2019-2020) |
|Sponsor:||Rep. Cole, Tom [R-OK-4] (Introduced 01/08/2019)|
|Committees:||House - Ways and Means; House Administration|
|Latest Action:||House - 01/08/2019 Referred to the Committee on Ways and Means, and in addition to the Committee on House Administration, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed House
- Passed Senate
- To President
- Became Law
Summary: H.R.290 — 116th Congress (2019-2020)All Information (Except Text)
Introduced in House (01/08/2019)
This bill terminates (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 the funds remaining in the Presidential Election Campaign Fund to the 10-Year Pediatric Research Initiative Fund.