II 112th CONGRESS 2d Session S. 3257 IN THE SENATE OF THE UNITED STATES June 4, 2012 Mr. Coburn (for himself, Mr. Udall of Colorado, and Mr. Burr) introduced the following bill; which was read twice and referred to the Committee on Rules and Administration A BILL To amend the Internal Revenue Code of 1986 to prohibit the use of public funds for political party conventions, and to provide for the return of previously distributed funds for deficit reduction.

1.

Prohibiting use of presidential election campaign funds for party conventions

(a)

In general

Chapter 95 of the Internal Revenue Code of 1986 is amended by striking section 9008. (b)

Clerical amendment

The table of sections of chapter 95 of such Code is amended by striking the item relating to section 9008.

2.

Conforming amendments

(a)

Availability of payments to candidates

The third sentence of section 9006(c) of the Internal Revenue Code of 1986 is amended by striking , section 9008(b)(3),. (b)

Reports by Federal election commission

Section 9009(a) of such Code is amended— (1)by adding and at the end of paragraph (2); (2)by striking the semicolon at the end of paragraph (3) and inserting a period; and (3)by striking paragraphs (4), (5), and (6). (c)

Penalties

Section 9012 of such Code is amended— (1)in subsection (a)(1), by striking the second sentence; and (2)in subsection (c), by striking paragraph (2) and redesignating paragraph (3) as paragraph (2). (d)

Availability of payments from presidential primary matching payment account

The second sentence of section 9037(a) of such Code is amended by striking and for payments under section 9008(b)(3).

3.

Return of previously submitted money for deficit reduction

Any amount which is returned by the national committee of a major party or a minor party to the general fund of the Treasury from an account established under section 9008 of the Internal Revenue Code of 1986 after the date of the enactment of this Act shall be dedicated to the sole purpose of deficit reduction.

4.

Effective date

The amendments made by this Act shall apply with respect to elections occurring after December 31, 2012.