Protecting American Savers and Retirees Act
- Introduced Jan 25
- Committee Jan 25
- Passed House Next
- Passed Senate Not yet
- To President Not yet
- Law Not yet
Where it stands
In committee, Jan 25, 2023Next: House vote
1372d ago Jan 25, 2023: Referred to the House Committee on Ways and Means.
Final votes
No roll callsNo recorded vote on this bill yet
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Votes
No recorded roll-call vote on this bill yet
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Summary
Protecting American Savers and Retirees Act
Full summary1 paragraphs
This bill repeals the 1% excise tax on the repurchase of corporate stock enacted by the Inflation Reduction Act of 2022.
Library of Congress summary, Jan 25, 2023
Summary versions
- Introduced in HouseJan 25, 2023
Actions
- HouseIntroduced in HouseJan 25, 2023
- HouseReferred to the House Committee on Ways and Means.Jan 25, 2023
Bill record
Text versions1
- Introduced in HouseJan 25, 2023PDF: Introduced in House
Committees1
- House Ways and Means CommitteeReferred To Jan 25, 2023
Sponsor and cosponsors2 cosponsors
- Rep. David Kustoff (R-TN-8)Sponsor, Jan 25, 2023
- Darin LaHood (R-IL-16)OriginalJoined Jan 25, 2023
- David Schweikert (R-AZ-1)OriginalJoined Jan 25, 2023
Amendments0
No amendments offered
Cost estimates and reports0
No cost estimate or committee report yet
Titles2
Short titles
- Protecting American Savers and Retirees ActShort Title(s) as Introduced
Official titles
- To amend the Internal Revenue Code of 1986 to repeal the excise tax on repurchase of corporate stock.Official Title as Introduced
Subjects1
Policy area
Related bills0
No related bills listed
Official record from Congress.gov, the House Clerk and the Senate; lobbying from Lobbying Disclosure Act filings. Updated Oct 27, 2026.