[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"current-user-roles":3,"user-subscription":3,"bill:119-hr-684":4},null,{"bill":5,"indexable":134,"summaries":135,"cosponsors":141,"cosponsorSlugs":142,"actions":143,"amendments":162,"amendmentSponsorSlugs":163,"linkages":164,"sponsorSlug":165},{"statusDate":6,"sponsor":7,"updateDate":15,"cboCostEstimates":16,"originChamber":17,"congress":18,"isByRequest":19,"title":20,"createdAt":21,"committeeReports":22,"cosponsorCount":23,"onBehalfOfSponsor":3,"adminOverride":3,"amendmentCount":23,"actionCount":24,"popularTitle":3,"laws":3,"billType":25,"subjects":26,"introducedDate":6,"committees":27,"congressGovUrl":28,"constitutionalAuthority":29,"policyArea":30,"deletedAt":3,"latestAction":31,"billNumber":33,"cosponsorCountIncludingWithdrawn":23,"status":34,"keyMilestoneCount":35,"shortTitle":20,"officialTitle":36,"updatedAt":37,"policyAreaLower":38,"searchTokens":39,"committeeCodes":133},"2025-01-23",{"firstName":8,"lastName":9,"district":10,"fullName":11,"state":12,"party":13,"bioguideId":14},"David","Kustoff","8","Rep. Kustoff, David [R-TN-8]","TN","R","K000392","2025-04-22T14:25:48Z",[],"House",119,false,"Protecting American Savers and Retirees Act","2026-05-10T19:52:24.532Z",[],0,3,"hr",[],[],"https:\u002F\u002Fwww.congress.gov\u002Fbill\u002F119th-congress\u002Fhouse-bill\u002F684","\u003Cpre>\n[Congressional Record Volume 171, Number 14 (Thursday, January 23, 2025)]\n[House]\nFrom the Congressional Record Online through the Government Publishing Office [\u003Ca href=\"https:\u002F\u002Fwww.gpo.gov\">www.gpo.gov\u003C\u002Fa>]\nBy Mr. KUSTOFF:\nH.R. 684.\nCongress has the power to enact this legislation pursuant\nto the following:\nUnder Article 1, Section 8, the Necessary and Proper\nClause. Congress shall have power to make all laws which\nshall be necessary and proper for carrying into Execution the\nforegoing powers and all Powers vested by this Constitution\nin the Government of the United States, or in any Department\nof Officer thereof.\n[Page H388]\n\u003C\u002Fpre>","Taxation",{"date":6,"text":32},"Referred to the House Committee on Ways and Means.",684,"in_committee",2,"To amend the Internal Revenue Code of 1986 to repeal the excise tax on repurchase of corporate stock.","2026-05-22T14:49:34.189Z","taxation",[40,41,42,43,44,45,46,47,48,49,50,51,52,53,54,55,56,57,58,59,60,61,62,63,64,65,66,67,68,69,70,71,72,73,74,75,76,77,78,79,80,81,82,83,84,85,86,87,88,89,90,91,92,93,94,95,96,97,98,99,100,101,102,103,104,105,106,107,108,109,110,111,112,113,114,115,116,117,118,119,120,121,122,123,124,125,126,127,128,129,130,131,132],"protecting","pr","pro","prot","prote","protec","protect","protecti","protectin","american","am","ame","amer","ameri","americ","america","savers","sa","sav","save","saver","and","retirees","re","ret","reti","retir","retire","retiree","act","to","amend","amen","the","internal","in","int","inte","inter","intern","interna","revenue","rev","reve","reven","revenu","code","co","cod","of","1986","19","198","repeal","rep","repe","repea","excise","ex","exc","exci","excis","tax","on","repurchase","repu","repur","repurc","repurch","repurcha","repurchas","corporate","cor","corp","corpo","corpor","corpora","corporat","stock","st","sto","stoc","kustoff","ku","kus","kust","kusto","kustof","david","da","dav","davi","tn",[],true,[136],{"versionCode":137,"actionDate":6,"actionDesc":138,"text":139,"updateDate":140},"00","Introduced in House","\u003Cp>\u003Cstrong>Protecting American Savers and Retirees Act \u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>This bill repeals the excise tax on the repurchase of corporate stock (commonly known as a stock buyback) enacted by the Inflation Reduction Act of 2022.\u003C\u002Fp>\u003Cp>Under current law, a domestic corporation whose stock is traded on an established securities market (e.g., the New York Stock Exchange or NASDAQ) is required to pay an excise tax (that is not deductible) on the repurchase of its stock in the amount of 1% of the fair market value of such stock. (Some exceptions apply.)\u003C\u002Fp>","2025-04-22T14:21:22Z",[],{},[144,153,158],{"actionDate":6,"actionDateTime":3,"text":32,"type":145,"actionCode":146,"sourceSystem":147,"committees":149,"recordedVotes":3,"calendarNumber":3,"sequenceIndex":23,"isKeyMilestone":19},"IntroReferral","H11100",{"code":35,"name":148},"House floor actions",[150],{"name":151,"systemCode":152},"Ways and Means Committee","hswm00",{"actionDate":6,"actionDateTime":3,"text":138,"type":145,"actionCode":154,"sourceSystem":155,"committees":3,"recordedVotes":3,"calendarNumber":3,"sequenceIndex":35,"isKeyMilestone":134},"1000",{"code":156,"name":157},9,"Library of Congress",{"actionDate":6,"actionDateTime":3,"text":138,"type":145,"actionCode":159,"sourceSystem":160,"committees":3,"recordedVotes":3,"calendarNumber":3,"sequenceIndex":161,"isKeyMilestone":134},"Intro-H",{"code":156,"name":157},1,[],{},[],"david-kustoff"]