[Congressional Record Volume 167, Number 137 (Monday, August 2, 2021)]
[Senate]
[Page S5609]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 2195. Ms. ERNST submitted an amendment intended to be proposed to 
amendment SA 2137 proposed by Mr. Schumer (for Ms. Sinema (for herself, 
Mr. Portman, Mr. Manchin, Mr. Cassidy, Mrs. Shaheen, Ms. Collins, Mr. 
Tester, Ms. Murkowski, Mr. Warner, and Mr. Romney)) to the bill H.R. 
3684, to authorize funds for Federal-aid highways, highway safety 
programs, and transit programs, and for other purposes; which was 
ordered to lie on the table; as follows:

        At the appropriate place in division I, insert the 
     following:

     SEC. __. 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, 2020.''.
       (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.--
       (i) In general.--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 Highway Trust 
     Fund.''.
       (ii) Conforming amendment.--Section 9503(f) of such Code, 
     as amended by section 80103, is amended by redesignating 
     paragraph (12) as paragraph (13) and by inserting after 
     paragraph (11) the following new paragraph:
       ``(12) Transfer of amounts from presidential election 
     campaign fund.--There is hereby transferred to the Highway 
     Trust Fund the amounts described in section 9006(d).''.
       (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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