H.R. 7418119th CongressIn markupLatest action May 14, 2026Decoded by AI · checked against the record
The plain-language version leads. The official text is always the reference.
The STEADFAST Act would end public presidential campaign financing and redirect those funds to state election security grants.
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HR 7418, the STEADFAST Act, would permanently shut down the Presidential Election Campaign Fund, which currently lets taxpayers direct $3 of their taxes to presidential candidates. The money in that fund, including any leftover balance, would instead be distributed as grants to states, territories, and Washington D.C. to pay for voting equipment upgrades, cybersecurity improvements, paper ballots, and physical security for election infrastructure.
The bill affects all U.S. states, Puerto Rico, Guam, Washington D.C., election administrators, voting equipment vendors, and taxpayers who previously used the presidential campaign checkoff on their tax returns. Grants would be administered through the Election Assistance Commission.
States meeting specific conditions — use of paper ballots with a verifiable trail, photo ID requirements, and use of federal databases to screen non-citizen registrations — would receive higher priority for grants than states that do not meet those conditions. Vendors previously approved to work on elections and those with prior campaign donation ties would face different eligibility rules, shaping which companies can access the new program.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: a House committee is reviewing it. If the Senate changes it, it goes back to the House before reaching the President.
Latest action: — Ordered to be Reported in the Nature of a Substitute by the Yeas and Nays: 8 - 3.