H.R. 7005 · 117th Congress · House

Protecting Americans’ Savings Act of 2022

Active· Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determi…
Introduced
Mar 9, 22
Passed House
Pending
Passed Senate
Pending
Sent to President
Pending
Signed into Law
Pending

Executive 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.)