Sec. 2. Termination of taxpayer financing of presidential election campaigns

306 words·~1 min read·/bill/113/hr/2019/ih/section-2

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Section 6096 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection: This section shall not apply to taxable years ending on or after the date of the enactment of this subsection. . Chapter 95 of such Code is amended by adding at the end the following new section: 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. .

Section 9006 of such Code is amended by adding at the end the following new subsection: Effective on the date of the enactment of the Kids First Research Act of 2013 — the special fund established under this section shall be known and designated as the 10-Year Pediatric Research Initiative Fund ; and all amounts in the fund as of such date shall be available only for the purpose provided in section 402A(a)(2) of the Public Health Service Act, and only to the extent and in such amounts as are provided in advance in appropriation Acts.

Any amounts in the fund that remain unobligated on October 1, 2024, shall be deposited into the general fund of the Treasury. . Chapter 96 of such Code is amended by adding at the end the following new section: 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. . The table of sections for chapter 95 of such Code is amended by adding at the end the following new item: Sec. 9014.

Termination. . The table of sections for chapter 96 of such Code is amended by adding at the end the following new item: Sec. 9043. Termination. .