HR 684 119th Congress House Taxation

Protecting American Savers and Retirees Act

Introduced: January 23, 2025 Introduced by: Kustoff, David Republican · Tennessee See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jan 23, 2025

Referred to the House Committee on Ways and Means.

Jan 23, 2025

Introduced in House

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Plain-English summary Congressional Research Service

Protecting American Savers and Retirees Act

This bill repeals the excise tax on the repurchase of corporate stock (commonly known as a stock buyback) enacted by the Inflation Reduction Act of 2022.

Under current law, a domestic corporation whose stock is traded on an established securities market (e.g., the New York Stock Exchange or NASDAQ) is required to pay an excise tax (that is not deductible) on the repurchase of its stock in the amount of 1% of the fair market value of such stock. (Some exceptions apply.)

What's happening now January 23, 2025

Referred to the House Committee on Ways and Means.

Bill text 1 version

Introduced in House Formatted Text PDF Formatted XML

Source documents hosted by congress.gov.

Committees of jurisdiction 1

Ways and Means Committee
House of Representatives

Lobbying activity 15

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

CHAMBER OF COMMERCE OF THE U.S.A.
for CHAMBER OF COMMERCE OF THE U.S.A. · District of Columbia · 2nd Quarter (Apr 1 - June 30) 2026
CHAMBER OF COMMERCE OF THE U.S.A.
for CHAMBER OF COMMERCE OF THE U.S.A. · District of Columbia · 1st Quarter (Jan 1 - Mar 31) 2026
SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION
for SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION · District of Columbia · 2nd Quarter (Apr 1 - June 30) 2026
CHAMBER OF COMMERCE OF THE U.S.A.
for CHAMBER OF COMMERCE OF THE U.S.A. · District of Columbia · 1st Quarter (Jan 1 - Mar 31) 2026
SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION
for SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION · District of Columbia · 1st Quarter (Jan 1 - Mar 31) 2026
CHAMBER OF COMMERCE OF THE U.S.A.
for CHAMBER OF COMMERCE OF THE U.S.A. · District of Columbia · 4th Quarter (Oct 1 - Dec 31) 2025

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APA

U.S. Congress. (2026). H.R. 684: Protecting American Savers and Retirees Act. 119th Congress. Open America. https://openamerica.io/bill/119-HR-684/

MLA

"H.R. 684: Protecting American Savers and Retirees Act." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-HR-684/.

Bluebook (legal)

H.R. 684, 119th Cong. (2026), https://openamerica.io/bill/119-HR-684/.

Markdown link

[H.R. 684: Protecting American Savers and Retirees Act](https://openamerica.io/bill/119-HR-684/)