H.R. 3311 · Where this bill is now
In committee
Introduced in the House, sent to the Committee on Ways and Means, May 8, 2025
What this bill does
In plain words · AI-written from the official summaryEliminates presidential campaign public funding
This bill would do away with a system that lets taxpayers donate $3 of their own federal income taxes to help pay for presidential campaigns. The bill would shut down the Presidential Election Campaign Fund and an account that helps match donations to primary campaigns. Any money left in that fund would go into the general Treasury to help reduce the federal deficit.
How it affects you
If you've been directing part of your tax payment to presidential campaigns, that option would no longer exist. Presidential candidates who rely on public funding for their campaigns would lose access to that money source. Most people would see no direct change to their taxes or daily life.
Read the official summary (Introduced in House, May 8, 2025)
Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2025
This bill terminates (1) the taxpayer election (on the federal income tax form) to designate $3 of income tax liability to be paid to the Presidential Election Campaign Fund (which would otherwise go into the general fund of the Treasury) for financing of presidential election campaigns, (2) the Presidential Election Campaign Fund, and (3) the Presidential Primary Matching Payment Account. The bill also requires funds remaining in the Presidential Election Campaign Fund to be transferred to the general fund of the Treasury for the sole purpose of reducing the deficit.
Written by AI (Claude) using only the official summary by the Congressional Research Service, the Library of Congress’s nonpartisan research staff. It can miss nuance, so check the official summary and the bill text for details.
1st SessionH. R. 3311
A BILL
Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2025
Sponsor: Rep. W. Gregory Steube (R-FL-17) · Introduced May 8, 2025 · Taxation · 1 version of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action May 8, 2025: “Referred to the House Committee on Ways and Means.”