Protecting Americans’ Savings Act of 2022

Bill Number

HR 7005

Introduced

Mar 9, 2022

Latest Action

Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be ...

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Cosponsors

Topics

Finance and Financial Sector

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Votes

Summary

Protecting Americans' Savings Act of 2022

This bill directs the Department of the Treasury to report on the effects of inflation on the value of individuals' savings and the feasibility of raising the current individual limit on inflation-protected Treasury Series I Savings bonds. (Currently, there is an annual purchase limit of $10,000 for electronic bonds and $5,000 for paper bonds.)

Actions

Mar 9, 2022

Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Mar 9, 2022

Introduced in House

Amendments

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