H.R. 7005 · 117th Congress
Protecting Americans’ Savings Act of 2022
- Stage
- In committee
- Sponsor
- Alexander Mooney
- Introduced
- 2022-03-09
- Latest action
- 2022-03-09 · Introduced in House
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.)