HR 7005 · 117th Congress · Finance and Financial Sector

Protecting Americans’ Savings Act of 2022

Introduced 2022-03-09· Sponsored by Rep. Mooney, Alexander X. [R-WV-2]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
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Senate
5
Enacted
Latest: 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.(2022-03-09)

Plain Language Summary

[AI summary unavailable — showing source text] 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.)…

Summarized by Claude AI · Non-partisan · For informational purposes only