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Bryan Steil: “No major party nominee has tapped this money since 2008…”

Featuring: Bryan Steil, Republican | U.S. House, Wisconsin, District 1

Chairman Steil delivers opening remarks at full committee markup

Published May 14, 2026 | Video Starts at 02:40

Currently, when you are filing your tax return, there's an option to donate to the Presidential Election Campaign Fund. These funds are available to candidates running for presidency, but No major party nominee has tapped this money since 2008, when I believe John McCain used the funds. The Steadfast act will convert the Presidential Election Campaign Fund to a new Election Security Fund that states can apply for. (02:40–02:47)

CLAIM

Asserts that no major party nominee has used the Presidential Election Campaign Fund since 2008.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Bryan Steil

“Widespread reporting found that foreign billionaires used a nonprofit, the 1630 Fund, to spend millions on balloted initiatives in states…”
Chairman Steil delivers opening remarks at full committee markup | Uploaded May 14, 2026 | 01:19-01:33
“Our current campaign finance laws were not written for the digital age.”
Chairman Steil delivers opening remarks at full committee markup | Uploaded May 14, 2026 | 00:24-00:30
“Fraudsters and foreign nationals could exploit the current system to make illegal campaign finance contributions.”
Chairman Steil delivers opening remarks at full committee markup | Uploaded May 14, 2026 | 00:35-00:43
“The Campaign Finance Transparency act is the solution.”
Chairman Steil delivers opening remarks at full committee markup | Uploaded May 14, 2026 | 00:47-00:51
“All political donations must be reported, regardless of the amount.”
Chairman Steil delivers opening remarks at full committee markup | Uploaded May 14, 2026 | 00:52-00:57
“The name of a political donor must match the name on the donor's credit card.”
Chairman Steil delivers opening remarks at full committee markup | Uploaded May 14, 2026 | 00:57-01:02
“No contributions can be made utilizing gift cards.”
Chairman Steil delivers opening remarks at full committee markup | Uploaded May 14, 2026 | 01:02-01:07
“Americans who are donating from abroad must provide identity verification.”
Chairman Steil delivers opening remarks at full committee markup | Uploaded May 14, 2026 | 01:06-01:14
“Foreign nationals cannot be allowed to influence our American elections.”
Chairman Steil delivers opening remarks at full committee markup | Uploaded May 14, 2026 | 01:32-01:37
“The Preventing Foreign Interference in American Elections act bans foreign nationals from donating to electioneering activities.”
Chairman Steil delivers opening remarks at full committee markup | Uploaded May 14, 2026 | 01:37-01:46
“Representative Brian Fitzpatrick Bill the Stop Foreign Funds and Elections act will prohibit foreign funding of state and local ballot…”
Chairman Steil delivers opening remarks at full committee markup | Uploaded May 14, 2026 | 01:51-02:03
“Currently, when you are filing your tax return, there's an option to donate to the Presidential Election Campaign Fund.”
Chairman Steil delivers opening remarks at full committee markup | Uploaded May 14, 2026 | 02:30-02:37
“The Steadfast act will convert the Presidential Election Campaign Fund to a new Election Security Fund that states can apply for.”
Chairman Steil delivers opening remarks at full committee markup | Uploaded May 14, 2026 | 02:46-02:55
“States can use these funds to strengthen election security, such as updating cybersecurity for voting systems or acquiring secure paper…”
Chairman Steil delivers opening remarks at full committee markup | Uploaded May 14, 2026 | 02:54-03:04