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HR 8853 117th Congress House

Protecting American Savers and Retirees Act

Official title: To amend the Inflation Reduction Act of 2022 to prevent the excise tax on repurchase of corporate stock from taking effect.

Introduced: November 3, 2022 Introduced by: Kustoff, David Republican · Tennessee See on congress.gov
Taxation
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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
Sep 15, 2022
Referred to the House Committee on Ways and Means.
Sep 15, 2022
Introduced in House
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 Latest action September 15, 2022

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Protecting American Savers and Retirees Act

This bill repeals the 1% excise tax on the repurchase of corporate stock enacted by the Inflation Reduction Act of 2022.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Republican 3
R
Smith, Adrian
Nebraska · Nov 3, 2022
 R
LaHood, Darin
Illinois · Sep 15, 2022
 R
Schweikert, David
Arizona · Sep 15, 2022
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 8853: Protecting American Savers and Retirees Act. 117th Congress. Open America. https://openamerica.io/bill/117-HR-8853/
MLA
"H.R. 8853: Protecting American Savers and Retirees Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-8853/.
Bluebook (legal)
H.R. 8853, 117th Cong. (2026), https://openamerica.io/bill/117-HR-8853/.
Markdown link
[H.R. 8853: Protecting American Savers and Retirees Act](https://openamerica.io/bill/117-HR-8853/)
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