# 114-hr-412: To reduce Federal spending and the deficit by terminating taxpayer financing of presidential election campaigns.

114-hr-412, To reduce Federal spending and the deficit by terminating taxpayer financing of presidential election campaigns., is a 114th Congress bill sponsored by Rep. Cole, Tom [R-OK-4] (R-OK); status Reported by the Committee on House Administration. H. Rept. 114-362, Part I. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/114-hr-412
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 114-hr-412
- Congress: 114
- Title: To reduce Federal spending and the deficit by terminating taxpayer financing of presidential election campaigns.
- Status: Reported by the Committee on House Administration. H. Rept. 114-362, Part I.
- Introduced: 2015-01-20
- Sponsor: Rep. Cole, Tom [R-OK-4] (R-OK)
- Cosponsors: 1
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Amends the Internal Revenue Code to terminate: (1) the taxpayer election to designate $3 of income tax liability for financing of presidential election campaigns, (2) the Presidential Election Campaign Fund, and (3) the Presidential Primary Matching Payment Account.

## Cosponsors (1)

- Rep. Comstock, Barbara [R-VA-10] (R-VA), 2015-03-04T00:00:00.000Z

## Related bills

- 114-hr-5734: Veterans Transplant Coverage Act of 2016
- 114-hr-5292: Air Traffic Controller Hiring Improvement Act of 2016
- 114-hr-5180: Food and Fuel Consumer Protection Act of 2016
- 114-hr-5122: To prohibit further action on the proposed rule regarding testing of Medicare part B prescription drug models.
- 114-hr-5015: Combat-Injured Veterans Tax Fairness Act of 2016
- 114-hr-4938: Free File Act of 2016

## Sources
- [114-hr-412 on Congress.gov](https://www.congress.gov/bill/114th-congress/house-bill/412)

## Related
- [114-hr-5734: Veterans Transplant Coverage Act of 2016](https://policyrisk.com/legislation/114-hr-5734)
- [114-hr-5292: Air Traffic Controller Hiring Improvement Act of 2016](https://policyrisk.com/legislation/114-hr-5292)
- [114-hr-5180: Food and Fuel Consumer Protection Act of 2016](https://policyrisk.com/legislation/114-hr-5180)
- [114-hr-5122: To prohibit further action on the proposed rule regarding testing of Medicare p…](https://policyrisk.com/legislation/114-hr-5122)
- [114-hr-5015: Combat-Injured Veterans Tax Fairness Act of 2016](https://policyrisk.com/legislation/114-hr-5015)
- [114-hr-4938: Free File Act of 2016](https://policyrisk.com/legislation/114-hr-4938)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/114-hr-412 (as of 2025-11-18).