Protecting American Savers and Retirees Act 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. 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.)
Referred to the House Committee on Ways and Means.
Bill introduced
Lobbying filed by SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION
Lobbying filed by CHAMBER OF COMMERCE OF THE U.S.A.
Lobbying filed by AMERIPRISE FINANCIAL, INC.
Lobbying filed by SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION
Referred to the House Committee on Ways and Means.
| Registrant | Client | Amount | Filed | Period | Issues |
|---|---|---|---|---|---|
| CHAMBER OF COMMERCE OF THE U.S.A. | CHAMBER OF COMMERCE OF THE U.S.A. | $19.3M | Jul 21, 2025 | 2025Q2 | AERAUTAVI |
| CHAMBER OF COMMERCE OF THE U.S.A. | CHAMBER OF COMMERCE OF THE U.S.A. | $19.3M | Apr 21, 2025 | 2025Q1 | ENVFINFOR |
| SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION |
The lobbying table lists Senate LDA quarterly reports (LD-2) that cite this bill by number and cover a quarter of the 119th Congress. An LD-2 names a bill as “H.R. 1234” with no Congress, so a report on another Congress, which can only concern a different bill with the same number, is left out, even when it was filed after this Congress began. The amount is what the registrant reported for the whole filing, across every issue on it, not spending on this bill. Official actions and the bill summary come from Congress.gov, and votes from the roll-call record. This page no longer pairs the bill with members' stock trades: matching lobbying clients to traded companies by name, and trades to a bill by date, is not something the records establish.
Lobbying filed by CHAMBER OF COMMERCE OF THE U.S.A.
| SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION |
| $2.1M |
| Jul 17, 2025 |
| 2025Q2 |
BANCDTFIN |
| SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION | SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION | $1.9M | Apr 11, 2025 | 2025Q1 | BANCDTFIN |
| AMERIPRISE FINANCIAL, INC. | AMERIPRISE FINANCIAL, INC. | $450.0K | Apr 21, 2025 | 2025Q1 | FINLBRRET |
| AMERIPRISE FINANCIAL, INC. | AMERIPRISE FINANCIAL, INC. | $230.0K | Jul 21, 2025 | 2025Q2 | FINLBRRET |