Protecting American Savers and Retirees Act
Official title: To amend the Internal Revenue Code of 1986 to repeal the excise tax on repurchase of corporate stock.
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Referred to the House Committee on Ways and Means.
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.)
- Introduced in House Formatted Text PDF Formatted XML
- CHAMBER OF COMMERCE OF THE U.S.A.
- CHAMBER OF COMMERCE OF THE U.S.A.
- CHAMBER OF COMMERCE OF THE U.S.A.
- SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION
- CHAMBER OF COMMERCE OF THE U.S.A.
- SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION
Bodies those filers lobbied
- HOUSE OF REPRESENTATIVES
- SENATE
- Executive Office of the President (EOP)
- Federal Deposit Insurance Corporation (FDIC)
- Federal Reserve System
- Homeland Security, Dept of (DHS)
- Internal Revenue Service (IRS)
- Labor, Dept of (DOL)
Cite this page
U.S. Congress. (2026). H.R. 684: Protecting American Savers and Retirees Act. 119th Congress. Open America. https://openamerica.io/bill/119-HR-684/
"H.R. 684: Protecting American Savers and Retirees Act." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-HR-684/.
H.R. 684, 119th Cong. (2026), https://openamerica.io/bill/119-HR-684/.
[H.R. 684: Protecting American Savers and Retirees Act](https://openamerica.io/bill/119-HR-684/)