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S 538119th CongressIntroduced
Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2025
Introduced: Oct 28, 2025
Standard Summary
Comprehensive overview in 1-2 paragraphs
Terminates taxpayer financing of presidential election campaigns to reduce federal spending.
Key Points
- 1Ends presidential election campaign public funding
- 2Terminates designation of $3 on tax returns for campaign fund
- 3Transfers remaining funds to general treasury for deficit reduction
- 4Applies to elections after December 31, 2024
- 5Eliminates both presidential campaign fund and account
Impact Areas
Campaign financeFederal spendingPresidential electionsTax policyDeficit reduction
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