Protecting American Savers and Retirees Act

Summary

Official

Protecting American Savers and Retirees Act This bill repeals the 1% excise tax on the repurchase of corporate stock enacted by the Inflation Reduction Act of 2022.

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Bill Progress

Bill has been introduced and assigned a number

Introduced(9/15/22)

Committee

Passed House

Passed Senate

President

Law

Sponsor

Mr. Kustoff

House (R) Tennessee – 8

Cosponsors (3)

Smith

House (R) Nebraska

LaHood

House (R) Illinois

Schweikert

House (R) Arizona

Latest Action

Referred to the House Committee on Ways and Means.

Sep 15, 2022