To require the Secretary of the Treasury to conduct a study on the effects of inflation on the savings of individuals in the United States, and for other purposes.
About This Bill
Committee
Latest Action · March 9, 2022
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.
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.)
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