S. 4952 · 117th Congress · Senate

Savings Security Act of 2022

Active· Read twice and referred to the Committee on Finance.
Introduced
Sep 27, 22
Passed Senate
Pending
Passed House
Pending
Sent to President
Pending
Signed into Law
Pending

Executive Summary

Savings Security Act of 2022

This bill increases during periods of higher inflation the annual purchase limit applicable to certain government bonds. Specifically, individuals may annually purchase up to $30,000 in Series I U.S. savings bonds when, during that year, the six-month average consumer price index is above 3.5%. Currently, annual purchases are capped at $15,000 per person.