A bill to provide that the money designated on 1972 tax returns to be made available to a specified political party which (after such designation) has been directed by law to be used otherwise, shall remain in the general fund of the Treasury unless redesignated to the Presidential Election Campaign Fund by the taxpayer.

Provides that the money designated on 1972 tax returns to be made available to a specified political party shall remain in the general fund of the Treasury. Authorizes those taxpayers who designated $1 to be made available to a specified political party on their 1972 tax returns, to redesignate that the $1 be paid over to the Presidential Election Campaign Fund.