H.R. 3311 — Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2025

This section terminates taxpayer financing of presidential election campaigns. Specifically, it (1) ends the option for taxpayers to designate $3 of income tax payments to the Presidential Election Campaign Fund for taxable years beginning after December 31, 2024; (2) terminates the fund for any presidential election or nominating convention after enactment, with remaining amounts transferred to the general fund of the Treasury for deficit reduction; and (3) terminates the related account for candidates in presidential elections after enactment. (Thus, certified candidates will no longer receive public grants or matching funds, and national party conventions will no longer receive public payments.)