S. 194Senate112th Congress (2011-2013)In Committee

A bill to reduce Federal spending and the deficit by terminating taxpayer financing of presidential election campaigns and party conventions.

Introduced January 26, 2011

Legislative Activity

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SenateIntro Referral Latest Action

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S282)

January 26, 2011

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SenateIntro Referral

Introduced in Senate

January 26, 2011

SenateIntro Referral

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S282)

January 26, 2011

Floor Debate

10 members

What members said about S. 194 on the floor

5 Republicans5 Democrats
Herb Kohl
Sen. Herb KohlD-WI · Jan 26, 2011

Mr. President, I rise today with Senators Leahy, Reid, Whitehouse and others to introduce the COPS Improvement Act of 2011. This legislation would reauthorize and make improvements to one of the…

Joseph I. Lieberman
Sen. Joseph I. LiebermanD-CT · Jan 26, 2011

Mr. President, I rise today to introduce the Scholarships for Opportunity and Results Act--SOAR--which seeks to reauthorize the DC Opportunity Scholarship Program or OSP. And I am proud to be joined…

John McCain
Sen. John McCainR-AZ · Jan 26, 2011

Mr. President, I wish to introduce legislation to name the United States courthouse in Yuma, AZ, the John M. Roll United States Courthouse. Is that legislation at the desk? Madam President, I am…

Patrick J. Leahy
Sen. Patrick J. LeahyD-VT · Jan 26, 2011

Mr. President, Congress now faces a deadline to take action on the expiring provisions of the USA PATRIOT Act. The bill I introduce today, the USA PATRIOT Act Sunset Extension Act of 2011, will…

Susan M. Collins
Sen. Susan M. CollinsR-ME · Jan 26, 2011

Mr. President, I am pleased to be joining Senator Lieberman in introducing the Scholarships for Opportunity and Results Act of 2011, also known as the SOAR Act. This important piece of legislation…

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John F. Kerry
Sen. John F. KerryD-MA · Jan 26, 2011

Mr. President, for years I have worked to encourage investment in small businesses. We all realize that small businesses are the backbone of our economy. As the economy continues to recover, we must…

John D. Rockefeller IV
Sen. John D. Rockefeller IVD-WV · Jan 26, 2011

Mr. President, today, I rise to introduce the Child Support Protection Act of 2011 with my colleagues, Senators Cornyn, Kohl, and Snowe. This bill continues the long-standing, bipartisan support of…

Jon Kyl
Sen. Jon KylR-AZ · Jan 26, 2011

Mr. President, my State has lost an outstanding jurist, a true and able public servant, and a great Arizonan in Judge John M. Roll. In his honor, my Arizona colleague, Senator McCain, and I propose…

Mitch McConnell
Sen. Mitch McConnellR-KY · Jan 26, 2011

Mr. President, I ask unanimous consent that the text of the bill be printed in the Record.

Rand Paul
Sen. Rand PaulR-KY · Jan 26, 2011

Mr. President, I ask unanimous consent that the text of the bill be printed in the Record.

Mitch McConnell
Sen. Mitch McConnellR-KY · Jan 26, 2011

Mr. President, I ask unanimous consent that the text of the bill be printed in the Record.

Bill Text

Latest available legislative text

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Introduced in SenateIssued January 26, 2011

II

112th CONGRESS

1st Session

S. 194

IN THE SENATE OF THE UNITED STATES

January 26, 2011

Mr. McConnell (for himself, Mr. Coburn, and Mr. Johanns) introduced the following bill; which was read twice and referred to the Committee on Finance

A BILL

To reduce Federal spending and the deficit by terminating taxpayer financing of presidential election campaigns and party conventions.

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, 2009.

.

(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:

9014.

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 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 termination

The Secretary shall transfer all amounts in the fund after the date of the enactment of this section 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:

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. 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.

.