[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H.R. 191 Introduced in House (IH)]







107th CONGRESS
  1st Session
                                H. R. 191

   To amend the Internal Revenue Code of 1986 to terminate taxpayer 
             financing of presidential election campaigns.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 3, 2001

  Mr. Stump introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
   To amend the Internal Revenue Code of 1986 to terminate 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. 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, 1999.''
    (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. 9014. TERMINATION.

    The provisions of this chapter shall not apply with respect to any 
presidential election (or any presidential nominating convention) after 
December 31, 2000, or to any candidate in such an election.''
                    (B) Transfer of excess funds to general fund.--
                Section 9006 of such Code is amended by adding at the 
                end the following new subsection:
    ``(d) Transfer of Funds Remaining After 2000.--The Secretary shall 
transfer all amounts in the fund after December 31, 2000, to the 
general fund of the Treasury.''
            (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 December 31, 2000.''
    (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. 9014. 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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