Sponsors (5)
The bill shifts remaining public campaign-finance funds into a federal Election Security Fund to strengthen election infrastructure and simplify federal oversight, but it ends presidential public financing—likely increasing private fundraising influence, disappointing supporters of public financing, and adding budgetary and administrative costs.
State and local election officials (state and local governments) will receive dedicated federal grants from a new Election Security Fund to strengthen election cybersecurity, equipment, and processes.
Taxpayers will have a new, visible option on their tax return (plus a Form 1040 link to EAC guidance) to direct remaining Presidential Election Campaign Fund money to election security, making it easier to support election infrastructure and see how funds are used.
Federal administration is simplified by terminating the presidential matching and public financing programs, reducing the ongoing oversight and administrative burden on federal program staff.
Presidential candidates and campaign supporters lose public financing and primary matching payments, removing a funding option and likely increasing reliance on private fundraising and outside spending—advantages wealthier candidates and could reduce electoral fairness.
Taxpayers who prefer publicly financed campaigns will have their designated funds repurposed to election security rather than supporting the Presidential Election Campaign Fund's existing public financing activities, frustrating those policy preferences.
Creating and operating a new federal grant program for election security increases federal spending and could raise budgetary pressure or require offsets elsewhere in the budget.
Based on analysis of 3 sections of legislative text.
Converts the Presidential Election Campaign Fund into an Election Security Fund, transfers remaining balances into it for state grants, and updates the 1040 designation/link to reference the new fund.
Introduced February 9, 2026 by Stephanie I. Bice · Last progress February 9, 2026
Converts the existing Presidential Election Campaign Fund into a new federally administered Election Security Fund and directs remaining balances to that new fund for use as state grants to improve election security. Changes the 1040 tax form language that refers to the campaign fund to instead refer to the Election Security Fund and requires the form to include a citation (hyperlink) to the Election Assistance Commission website; the tax-code change applies to taxable years ending after December 31, 2025. The measure also terminates the prior campaign-funding provisions so they no longer apply to future presidential elections or nominating conventions and instructs the IRS to transfer leftover campaign-fund balances into the new Election Security Fund on enactment.