S. 4952 · 117th Congress
Savings Security Act of 2022
- Stage
- In committee
- Sponsor
- Deb Fischer
- Introduced
- 2022-09-27
- Latest action
- 2022-09-27 · Introduced in Senate
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.