US Congress House Bill 412 (Prior Session Legislation)

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Sponsorship: Partisan Bill (Republican 2)
Status: Introduced on January 20 2015 - 25% progression, died in chamber
Action: 2015-12-03 - Reported by the Committee on House Administration. H. Rept. 114-362, Part I.
Text: Latest bill text (Introduced) [PDF]

To reduce Federal spending and the deficit by terminating taxpayer financing of presidential election campaigns. This bill amends the Internal Revenue Code to terminate: (1) the taxpayer election to designate $3 of income tax liability for financing of presidential election campaigns for taxable years beginning after December 31, 2014, (2) the Presidential Election Campaign Fund, and (3) the Presidential Primary Matching Payment Account. Of the amounts in the Fund as of the date of enactment of this Act: (1) a specified amount shall be transferred to the 10-Year Pediatric Research Initiative Fund, and (2) the remainder shall be transferred to the general fund of the Treasury to be used only for reducing the budget deficit.

To reduce Federal spending and the deficit by terminating taxpayer financing of presidential election campaigns.

Rep. Tom Cole [R-OK]

Rep. Barbara Comstock [R-VA]

Date	Chamber	Action
2015-12-03	House	Reported by the Committee on House Administration. H. Rept. 114-362, Part I.
2015-03-04	House	Committee Consideration and Mark-up Session Held.
2015-01-20	House	Referred to House Administration
2015-01-20	House	Referred to House Ways and Means
2015-01-20	House	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.
2015-01-20	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/house-bill/412/all-info
Text	https://www.congress.gov/114/bills/hr412/BILLS-114hr412ih.pdf