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S. 538

U.S. Senate•In Senate Committee

Summary

S. 538, the Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2025, was introduced in the Senate on Feb 12, 2025 by Sen. Joni Ernst (R). It was referred to Finance, and last saw action on Feb 12, 2025: Read twice and referred to the Committee on Finance.

Record

Text

S. 538 has no co-sponsors and has not gone to a roll call.

sb538/introduced-in-senate.txt
119 S538 IS: Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2025
 U.S. Senate
 2025-02-12
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 II  119th CONGRESS  1st Session  S. 538  IN THE SENATE OF THE UNITED STATES   February 12, 2025   Ms. Ernst  introduced the following bill; which was read twice and referred to the  Committee on Finance    A BILL
To reduce Federal spending and the deficit by terminating taxpayer financing of Presidential election campaigns.
1.
Short title
This Act may be cited as the   Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2025  .
2.
Termination of taxpayer financing of Presidential election campaigns
(a)
Termination of designation of income tax payments
 Section 6096  of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection:
(d)
Termination
This section shall not apply to taxable years beginning after December 31, 2024.
 .
(b)
Termination of fund and account
(1)
Termination of Presidential election campaign fund
(A)
In general
Chapter 95 of subtitle H of such Code is amended by adding at the end the following new section:
9013.
Termination
The provisions of this chapter shall not apply with respect to any Presidential election (or any Presidential nominating convention) after the date of the enactment of this section, or to any candidate in such an election.
 .
(B)
Transfer of remaining funds
Section 9006 of such Code is amended by adding at the end the following new subsection:
(d)
Transfer of funds remaining after termination
The Secretary shall transfer the amounts in the fund as of the date of the enactment of this subsection to the general fund of the Treasury, to be used only for reducing the deficit.
 .
(2)
Termination of account
Chapter 96 of subtitle H of such Code is amended by adding at the end the following new section:
9043.
Termination
The provisions of this chapter shall not apply to any candidate with respect to any Presidential election after the date of the enactment of this section.
 .
(c)
Clerical amendments
(1)
The table of sections for chapter 95 of subtitle H of such Code is amended by adding at the end the following new item:
Sec. 9013. Termination.
  .
(2)
The table of sections for chapter 96 of subtitle H of such Code is amended by adding at the end the following new item:
Sec. 9043. Termination.
  .

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2025-02-12
  2. Passed Senate
  3. Passed House
  4. Conference
  5. To President
  6. Became Law

CRS Summary

The summaries are the Congressional Research Service’s, one per stage. Read them in full.

Introduced in Senate Feb 12, 2025

sb538/introduced-in-senate.md

Shown Here:
Introduced in Senate (02/12/2025)

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

This bill terminates (1) the taxpayer election (on the federal income tax form) to designate $3 of income tax liability to be paid to the Presidential Election Campaign Fund (which would otherwise go into the general fund of the Treasury) for financing of presidential election campaigns, (2) the Presidential Election Campaign Fund, and (3) the Presidential Primary Matching Payment Account. The bill also requires funds remaining in the Presidential Election Campaign Fund to be transferred to the general fund of the Treasury for the sole purpose of reducing the deficit.

Sponsors

Sen. Joni Ernst (R) sponsors S. 538 alone.

Joni Ernst

Sen. · R–IA · Sponsor

Committees

S. 538 went before 1 committee: Finance.

Finance
Finance
Referred To · Feb 12, 2025 · 902 Bills

Actions

S. 538 has taken 2 actions since Feb 12, 2025.

ChamberAction
Feb 12, 2025
Senate
Read twice and referred to the Committee on Finance.Finance Committee
Feb 12, 2025
—
Introduced in Senate

Votes

S. 538 has not gone to a roll call.

1 bill is related to S. 538, as Identical bill.

Titles

S. 538 goes by 3 titles, 1 of them short titles.

  • A bill to reduce Federal spending and the deficit by terminating taxpayer financing of Presidential election campaigns. — Official Title as Introduced
  • Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2025 — Display Title
  • Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2025 — Short Title(s) as Introduced

Classification

The Congressional Research Service files S. 538 under Taxation, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; S. 538’s is Taxation.

s538/policy-areas.txt
TaxationAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesFinance and Financial SectorForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationInternational AffairsLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTransportation and Public WorksWater Resources Development

Source: congress.gov · legiscan.com