[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2993 Introduced in House (IH)]

111th CONGRESS
  1st Session
                                H. R. 2993

  To amend chapters 95 and 96 of the Internal Revenue Code of 1986 to 
    terminate taxpayer financing of presidential election campaigns.


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                    IN THE HOUSE OF REPRESENTATIVES

                             June 23, 2009

Mr. Cole (for himself and Mr. Jordan of Ohio) introduced the following 
  bill; which was referred to the Committee on Ways and Means, and in 
 addition to the Committee on House Administration, for a period to be 
subsequently determined by the Speaker, in each case for consideration 
  of such provisions as fall within the jurisdiction of the committee 
                               concerned

_______________________________________________________________________

                                 A BILL


 
  To amend chapters 95 and 96 of 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, 2008.''.
    (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, 2009, 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 2009.--The Secretary shall 
transfer all amounts in the fund after December 31, 2009, 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, 2009.''.
    (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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