Bill Detail
H.R. 684
Congress: 119
Title
Protecting American Savers and Retirees Act
Summary
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.)
Sponsor
Rep. David Kustoff [R-TN-8]
Status
Referred to the House Committee on Ways and Means.
Status as of Jun 29, 7:50 PM · synced 1h ago
Introduced
2025-01-23
Data source mode: cache
Bill Engagement
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 Re…
Lobbyists on the case
- Chamber of Commerce of the U.s.a.5 filings · 47 lobs
- Securities Industry and Financial Markets Association1 filing · 13 lobs
- Neil Bradley2026 Q1
- Suzanne Clark2026 Q1
- Kevin Courtois2026 Q1
- Nicholas Crocker2026 Q1
- Rodney Davis2026 Q1
- Martin Durbin2026 Q1
- Christopher Eyler2026 Q1
- Ryan Gleason2026 Q1