HR 191 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.'
(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.'
END