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United States · Bill · HR

H.R. 7005 (117th)

Protecting Americans’ Savings Act of 2022

referredUnited States· United States Congress· EN

Introduced

9 March 2022

Last action

Status

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.

Sponsors

Subjects

Discovery layer

Source updated

3 January 2025

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.)

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Documents

3 official files

Introduced in House (text)

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Sources

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