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119-hr-3311119th CongressWALLET

Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2025

Sponsored By: Representative Steube, W. Gregory [R-FL-17]

Introduced

Summary

Terminates taxpayer-funded Presidential campaign financing. This bill would end the option for taxpayers to designate part of their income tax to the Presidential campaign fund and close the public funding mechanism.

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  • Households and taxpayers: Taxpayers would no longer be able to designate a portion of their tax payment for Presidential campaign financing for tax years starting in 2025.
  • Presidential candidates and nominating conventions: Candidates would no longer be eligible to receive money from the Presidential election campaign fund for elections after enactment.
  • Federal finances: Any amounts remaining in the Presidential election campaign fund would be transferred to the Treasury general fund and used only to reduce the federal deficit.

*This would reduce the federal deficit by transferring remaining Presidential campaign fund balances to the Treasury general fund.*

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 1 costs, 0 mixed.

End public funding for presidential campaigns

If enacted, this would end public financing for Presidential campaigns and nominating conventions for elections after enactment. It would also end the option on individual tax returns to designate money to the Presidential Election Campaign Fund for tax years beginning after December 31, 2024. Any money in the fund on the date of enactment would be moved to the Treasury’s general fund and used only to reduce the federal deficit.

Sponsors & CoSponsors

Sponsor

Steube, W. Gregory [R-FL-17]

FL • R

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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