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Students and Teachers Over Politicians Act

H.R. 1827 · 116th Congress · Mar 18, 2019 · Lineage

A BILL

To amend the Internal Revenue Code of 1986 to increase funding for certain educational activities by terminating taxpayer financing of Presidential election campaigns, and for other purposes.

1. Short title

This Act may be cited as the “Students and Teachers Over Politicians Act” or “STOP Act”.

2. 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, 2018.”

(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 remaining funds— Section 9006 of such Code is amended by adding at the end the following new subsection:

“(d) Transfer of funds remaining after termination—Of the amounts in the fund as of the date of enactment of this subsection—

“(1) the Secretary shall transfer $37,802,400 to the 10-Year Pediatric Research Initiative Fund described in section 9008(i)(2), to be available as described in such section; and

“(2) the Secretary shall transfer the remainder to the Secretary of Education (to the extent and in such amounts as provided in advance in appropriations Acts), to be used only to carry out activities under title II of the Elementary and Secondary Education Act of 1965 (20 U.S.C. 6601 et seq.).”

(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:
(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: