# 119-hr-684: Protecting American Savers and Retirees Act

119-hr-684, Protecting American Savers and Retirees Act, is a 119th Congress bill sponsored by Rep. Kustoff, David [R-TN-8] (R-TN); status introduced; PRIA reads it as touching household money (as of 2025-12-21).

- Canonical: https://policyrisk.com/legislation/119-hr-684
- As of: 2025-12-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-684
- Congress: 119
- Title: Protecting American Savers and Retirees Act
- Status: introduced
- Introduced: 2025-01-23
- Sponsor: Rep. Kustoff, David [R-TN-8] (R-TN)
- Cosponsors: 0
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2025-12-21

## Summary

**Repeals the 1% excise tax on corporate stock repurchases.** This bill would repeal Chapter 37 of the Internal Revenue Code and remove the 1% excise tax on repurchases of stock by domestic corporations whose shares trade on established securities markets, a tax created in the Inflation Reduction Act of 2022, and it would make a clerical change to the tax code table of chapters and apply the repeal to taxable years beginning after December 31, 2024.

## Provisions PRIA read

- End tax on company stock buybacks: benefit, high. If enacted, this bill would repeal the federal tax on corporate stock buybacks. The repeal would apply to taxable years beginning after December 31, 2024. Companies that repurchase their own stock would not owe this excise tax. Shareholders and investors could benefit if companies face lower tax co…

## Related bills

- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-4669: FEMA Act of 2025
- 119-hr-137: TCJA Permanency Act
- 119-hr-2782: Small Business Taxpayer Bill of Rights Act of 2025
- 119-hr-2725: Affordable Housing Credit Improvement Act of 2025
- 119-hr-1229: United States-Israel Defense Partnership Act of 2025

## Sources
- [119-hr-684 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/684)

## Related
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-4669: FEMA Act of 2025](https://policyrisk.com/legislation/119-hr-4669)
- [119-hr-137: TCJA Permanency Act](https://policyrisk.com/legislation/119-hr-137)
- [119-hr-2782: Small Business Taxpayer Bill of Rights Act of 2025](https://policyrisk.com/legislation/119-hr-2782)
- [119-hr-2725: Affordable Housing Credit Improvement Act of 2025](https://policyrisk.com/legislation/119-hr-2725)
- [119-hr-1229: United States-Israel Defense Partnership Act of 2025](https://policyrisk.com/legislation/119-hr-1229)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-684 (as of 2025-12-21).