Bill Summary
The ELECT Act of 2020 is a bill proposed to Congress with the goal of reducing federal spending and reallocating funds towards the strategic national stockpile to acquire unexpired personal protective equipment, such as face masks. It aims to achieve this by terminating taxpayer financing of presidential election campaigns, which includes the designation of income tax payments and the presidential election campaign fund. The bill also calls for the remaining funds in these accounts to be transferred to the Department of Health and Human Services for the acquisition of personal protective equipment. The act will only apply to taxable years beginning after December 31, 2019, and will not affect any presidential election after the date of its enactment. The bill includes clerical amendments to the Internal Revenue Code to reflect the termination of these accounts.
Possible Impacts
1. The "Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2020" could significantly impact politicians and their campaigns as it would terminate taxpayer funding for presidential election campaigns. This could result in less money available for campaigning and could potentially limit the ability of certain candidates to run for office.
2. The legislation could also have an impact on taxpayers as it would no longer require them to designate a portion of their income taxes to go towards funding presidential campaigns. This could potentially result in a decrease in taxes for some individuals, while others may see an increase in taxes.
3. The bill could also affect the Department of Health and Human Services as it would require the transfer of any remaining funds from the presidential election campaign fund to be used for acquiring personal protective equipment for the strategic national stockpile. This could potentially increase the availability of critical equipment during times of public health emergencies.
[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[S. 3586 Introduced in Senate (IS)]
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116th CONGRESS
2d Session
S. 3586
To reduce Federal spending and fund the acquisition of unexpired
personal protective equipment (including face masks) for the strategic
national stockpile by terminating taxpayer financing of Presidential
election campaigns.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
March 25, 2020
Ms. Ernst (for herself and Mr. Paul) introduced the following bill;
which was read twice and referred to the Committee on Finance
_______________________________________________________________________
A BILL
To reduce Federal spending and fund the acquisition of unexpired
personal protective equipment (including face masks) for the strategic
national stockpile by terminating taxpayer financing of Presidential
election campaigns.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Eliminating Leftover Expenses for
Campaigns from Taxpayers (ELECT) Act of 2020''.
SEC. 2. TERMINATION OF TAXPAYER FINANCING OF PRESIDENTIAL ELECTION
CAMPAIGNS.
(a) Termination of Designation of Income Tax Payments.--Section
6096 of the Internal Revenue Code of 1986 is amended by adding at the
end the following new subsection:
``(d) Termination.--This section shall not apply to taxable years
beginning after December 31, 2019.''.
(b) Termination of Fund and Account.--
(1) Termination of presidential election campaign fund.--
(A) In general.--Chapter 95 of subtitle H of such
Code is amended by adding at the end the following new
section:
``SEC. 9013. TERMINATION.
``The provisions of this chapter shall not apply with respect to
any Presidential election (or any Presidential nominating convention)
after the date of the enactment of this section, or to any candidate in
such an election.''.
(B) Transfer of remaining funds.--Section 9006 of
such Code is amended by adding at the end the following
new subsection:
``(d) Transfer of Funds Remaining After Termination.--The Secretary
shall transfer the amounts in the fund as of the date of the enactment
of this subsection to the Department of Health and Human Services to be
used to acquire unexpired personal protective equipment (including face
masks) for the strategic national stockpile under section 319F-2 of the
Public Health Service Act.''.
(2) Termination of account.--Chapter 96 of subtitle H of
such Code is amended by adding at the end the following new
section:
``SEC. 9043. TERMINATION.
``The provisions of this chapter shall not apply to any candidate
with respect to any Presidential election after the date of the
enactment of this section.''.
(c) Clerical Amendments.--
(1) The table of sections for chapter 95 of subtitle H of
such Code is amended by adding at the end the following new
item:
``Sec. 9013. Termination.''.
(2) The table of sections for chapter 96 of subtitle H of
such Code is amended by adding at the end the following new
item:
``Sec. 9043. Termination.''.
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