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- H.R.7005
H.R.7005: Protecting Americans’ Savings Act of 2022
About This Bill
- Introduced March 9, 2022
- Latest Major Action March 9, 2022
Bill Sponsor
Bill Version
- Introduced in House - March 9, 2022
Bill 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.)
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
March 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.
|
March 9, 2022 |
Introduced in the House by Alex Mooney (R-W.Va.) |