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Increased Savings Bond Purchase Limit During High Inflation

This act increases the limit on how many special savings bonds (Series I) individuals can buy during periods of high inflation. This means in years when inflation is above a certain level, citizens can invest more money in these safe bonds designed to protect savings from losing value.
Key points
Annual purchase limit for Series I savings bonds increased to $30,000 per person during high inflation years.
High inflation is defined as average Consumer Price Index increase over 3.5% for any 6-month period in a year.
The increased limit applies to electronic bonds, not paper ones.
Changes take effect for calendar years starting after the law is enacted.
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Expired
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Additional Information
Print number: 117_S_4952
Sponsor: Sen. Fischer, Deb [R-NE]
Process start date: 2022-09-27
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Summarized by: gemini-2.5-flash-preview-04-17
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Savings Security Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_4952.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-09-27.

What are the main provisions?

Key points include:

  • Annual purchase limit for Series I savings bonds increased to $30,000 per person during high inflation years.
  • High inflation is defined as average Consumer Price Index increase over 3.5% for any 6-month period in a year.
  • The increased limit applies to electronic bonds, not paper ones.
  • Changes take effect for calendar years starting after the law is enacted.
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 Sen. Fischer, Deb [R-NE].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Economy