S 4952
117th Congress
Senate
Finance and Financial Sector
Savings Security Act of 2022
Introduced: September 27, 2022
Introduced by:
Fischer, Deb
Republican
· Nebraska
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 27, 2022
Read twice and referred to the Committee on Finance.
Sep 27, 2022
Introduced in Senate
Plain-English 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.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1