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HOUSE 684119th CongressReferred to the House Committee on Energy and Commerce.

Expressing support for the designation of September 9, 2025, as "National Firearm Suicide Prevention Day" to educate about the growing firearm suicide crisis in the United States and promote the importance of storing firearms safely and securely as an essential component of suicide prevention.

Last Action
9/9/2025

Actions

  • 2025-01-23Referred to the House Committee on Ways and Means.
  • 2025-01-23Introduced in House
  • 2025-01-23Introduced in House

CRS Summary

As of 2025-01-23 (00)

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.)

Read on Congress.gov

Sourced from Congress.gov (public domain).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.