To reduce Federal spending and the deficit by terminating taxpayer financing of presidential election campa...
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HR 412 — To reduce Federal spending and the deficit by terminating taxpayer financing of presidential election campaigns.
Last action — Reported by the Committee on House Administration. H. Rept. 114-362, Part I.
No card. One bill, free forever — alerts when it moves.
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✓Introduced
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✓In Committee
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Died in session
This bill died with 114th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.
Summary
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.
Bill Text
We don't have the full text on file for this bill yet.
Read HR 412 on the official United States source →Action History
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Reported by the Committee on House Administration. H. Rept. 114-362, Part I.
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Committee Consideration and Mark-up Session Held.
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Referred to House Administration
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Referred to House Ways and Means
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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.
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Introduced in House
Sponsors
- Tom Cole · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 546 not signed on
Sponsors (1)
- Tom Cole R
Co-sponsors (0)
None.
Not signed on (546)
546 members have not signed on to this bill.
Show all 546 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Subjects
Frequently asked questions
- What does HR 412 do?
- 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.
- Who sponsors HR 412?
- HR 412 is sponsored by Tom Cole (R).
- What is the current status of HR 412?
- This bill died with 114th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
- Where can I track HR 412?
- Track HR 412 free on One Click Politics — get push/email alerts when it moves.
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