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HR 7005 117th Congress House

Protecting Americans’ Savings Act of 2022

Official title: 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.

Introduced: March 9, 2022 See on congress.gov
Finance and Financial Sector
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 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.
Mar 9, 2022
Introduced in House
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 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.

 Plain-English summary Congressional Research Service

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.)

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 7005: Protecting Americans’ Savings Act of 2022. 117th Congress. Open America. https://openamerica.io/bill/117-HR-7005/
MLA
"H.R. 7005: Protecting Americans’ Savings Act of 2022." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-7005/.
Bluebook (legal)
H.R. 7005, 117th Cong. (2026), https://openamerica.io/bill/117-HR-7005/.
Markdown link
[H.R. 7005: Protecting Americans’ Savings Act of 2022](https://openamerica.io/bill/117-HR-7005/)
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