H. Rept. 114-362 1 (2015-12-03)

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                   114TH CONGRESS 1                              1 REPT. 114-362
                     1st Session   HOUSE OF REPRESENTATIVES          Part 1





                          TERMINATION OF TAXPAYER FINANCING OF
                             PRESIDENTIAL ELECTION CAMPAIGNS


                                  DECEMBER 3, 2015.-Ordered to be printed


                        Mrs. MILLER of Michigan, from the Committee on House
                               Administration, submitted the following


                                         REPORT

                                         [To accompany H.R. 412]

                            [Including cost estimate of the Congressional Budget Office]
                    The Committee on House Administration, to whom was referred
                  the bill (H.R. 412) to reduce Federal spending and the deficit by
                  terminating taxpayer financing of presidential election campaigns,
                  having considered the same, report favorably thereon without
                  amendment and recommend that the bill do pass.

                                      PURPOSE AND SUMMARY
                    H.R. 412 eliminates the Presidential Election Campaign Fund
                    (PECF). The PECF is an inefficient and wasteful use of taxpayer
                    dollars at a time when the national debt exceeds $18 trillion.
                  Eliminating the PECF will have little impact on Presidential cam-
                  paigns, as credible major party politicians have ceased using it.
                  The PECF is an idea whose time has passed. H.R. 412 would elimi-
                  nate the PECF and transfer $88,202,400 to the 10-Year Pediatric
                  Research Initiative while transferring the remainder to the general
                  fund of the Treasury, to be used only for reducing the deficit.
                            BACKGROUND AND NEED FOR THE LEGISLATION
                    In 1976, the Presidential Election Campaign Fund (PECF) was
                  first used in a Presidential Election Campaign. Continuing from
                  1976 to 2008, every major party's nominee for President partici-
                  pated in some form in the PECF. Starting in 2008, Barack Obama
                  was the first major party Presidential nominee to decline general
                  election funding. In 2012, neither major party's nominee accepted
                  PECF funding for the general election.
                      59-006

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