H.R. 684

Summary

H.R. 684, the Protecting American Savers and Retirees Act, was introduced in the House on Jan 23, 2025 by Rep. David Kustoff (R). It was referred to Ways And Means, and last saw action on Jan 23, 2025: Referred to the House Committee on Ways and Means.

Record

Text

H.R. 684 has no co-sponsors and has not gone to a roll call.

119 HR 684 IH: Protecting American Savers and Retirees Act
 U.S. House of Representatives
 2025-01-23
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 I  119th CONGRESS  1st Session  H. R. 684  IN THE HOUSE OF REPRESENTATIVES   January 23, 2025   Mr. Kustoff  introduced the following bill; which was referred to the  Committee on Ways and Means    A BILL
To amend the Internal Revenue Code of 1986 to repeal the excise tax on repurchase of corporate stock.
1.
Short title
This Act may be cited as the   Protecting American Savers and Retirees Act  .
2.
Repeal of excise tax on repurchase of corporate stock
(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 Chapter 37  of the Internal Revenue Code of 1986 is repealed.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.

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

CRS Summary

The summaries are the Congressional Research Service’s, one per stage. Read them in full.

Sponsors

Rep. David Kustoff (R) sponsors H.R. 684 alone.

David Kustoff

Rep. · R–TN-8 · Sponsor

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Committees

H.R. 684 went before 1 committee: Ways and Means.

Ways and Means

Ways and Means

Referred To · Jan 23, 2025 · 1,160 Bills

Actions

H.R. 684 has taken 2 actions since Jan 23, 2025.

Votes

H.R. 684 has not gone to a roll call.

Titles

H.R. 684 goes by 3 titles, 1 of them short titles.

• Protecting American Savers and Retirees Act — Display Title
• Protecting American Savers and Retirees Act — Short Title(s) as Introduced
• To amend the Internal Revenue Code of 1986 to repeal the excise tax on repurchase of corporate stock. — Official Title as Introduced

Lobbying

3 clients hired 3 firms and 134 registered lobbyists who named H.R. 684 in 15 quarterly filings, 2025 to 2026. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Financial Institutions/Investments/Securities, Retirement, Taxation/Internal Revenue Code, Banking, Labor Issues/Antitrust/Workplace, Aerospace, Automotive Industry, Aviation/Airlines/Airports.

Clients

Who paid to be heard, by how many filings named the bill.

Firms

Registrants who filed on the bill, by filings.

Lobbyists

Named on the filings that cite the bill. The 20 named most often, of 134.

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

Classification

The Congressional Research Service files H.R. 684 under Taxation, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; H.R. 684’s is Taxation.

Source: congress.gov · legiscan.com