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Study on Inflation's Impact on American Savings and I-Series Bonds.

This act requires the Secretary of the Treasury to study how inflation affects the real value of individual savings. The goal is to understand how high inflation and low interest rates impact purchasing power, especially for retirees and those building wealth. The study's findings could influence future policies aimed at protecting savings.
Key points
The government will examine how inflation erodes savings and affects the incentive to save.
The study will analyze inflation's impact on individuals with fixed incomes, like retirees.
Feasibility of raising the purchase limit for inflation-protected Series I bonds will be assessed.
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Expired
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Additional Information
Print number: 117_HR_7005
Sponsor: Rep. Mooney, Alexander X. [R-WV-2]
Process start date: 2022-03-09
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Protecting Americans’ Savings Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_7005.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-03-09.

What are the main provisions?

Key points include:

  • The government will examine how inflation erodes savings and affects the incentive to save.
  • The study will analyze inflation's impact on individuals with fixed incomes, like retirees.
  • Feasibility of raising the purchase limit for inflation-protected Series I bonds will be assessed.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Mooney, Alexander X. [R-WV-2].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Economy