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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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