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119th CongressH. R. 684

Introduced in House

Protecting American Savers and Retirees Act

SEC. 1. SHORT TITLETrack this section →

This Act may be cited as the Protecting American Savers and Retirees Act.

SEC. 2. REPEAL OF EXCISE TAX ON REPURCHASE OF CORPORATE STOCKTrack this section →

(a) In general Chapter 37 of the Internal Revenue Code of 1986 is repealed. (b) Clerical amendment The table of chapters for subtitle D is amended by striking the item relating to chapter 37. (c) Effective date The amendment made by this section shall apply to taxable years beginning after December 31, 2024.

•HR 684 IHText from GovInfo