A bill to increase the annual limitation on purchases by individuals of Series I United States savings bonds during periods of high inflation.
Savings Security Act of 2022
This bill increases during periods of higher inflation the annual purchase limit applicable to certain government bonds. Specifically, individuals may annually purchase up to $30,000 in Series I U.S. savings bonds when, during that year, the six-month average consumer price index is above 3.5%. Currently, annual purchases are capped at $15,000 per person.
Introduced in Senate
Read twice and referred to the Committee on Finance.
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