S. 751 (111th): Fair Elections Revenue Act of 2009

Introduced:
Mar 31, 2009 (111th Congress, 2009–2010)
Sponsor:
Sen. Richard Durbin [D-IL]
Status:
Died (Referred to Committee)
See Instead:
This bill was re-introduced as S. 749 (112th) on Apr 06, 2011.

The bill’s title was written by the bill’s sponsor. S. stands for Senate bill.

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Status

This bill was introduced on March 31, 2009, in a previous session of Congress, but was not enacted.

Progress
Introduced Mar 31, 2009
Referred to Committee Mar 31, 2009
Cosponsors
2 cosponsors (2D) (show)
Committees

Senate Finance

The committee chair determines whether a bill will move past the committee stage.

Full Title

A bill to establish a revenue source for fair elections financing of Senate campaigns by providing an excise tax on amounts paid pursuant to contracts with the United States Government.

Summary

No summaries available.

Text

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Last updated Mar 31, 2009.
3 pages

Primary Source

View on THOMAS (The Library of Congress)

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Citation

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

3/31/2009--Introduced.
Fair Elections Revenue Act of 2009 - Amends the Internal Revenue Code to impose an excise tax on payments made pursuant to a U.S. government contract to any person which is not a state or local government or a foreign nation and has contracts with the U.S. government in excess of $10 million.
Sets the rate of such tax at 0.50% of amounts paid under any such contract and limits the aggregate annual amount of tax imposed each year to not more than $500,000.
Expresses the sense of the Senate that the tax revenues raised by this Act be used for the financing of a Fair Elections Fund and the public financing of Senate elections.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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