Contact Congress about H.R. 684: Protecting American Savers and Retirees Act

Companies could buy back their own stock without paying this specific federal tax. The change would start with tax years beginning after December 31, 2024.

Modern Action explains legislation in plain English, helps you choose whether to support, oppose, or ask for changes, and drafts a message tied to the bill, your stance, and the elected officials who can act on it.

Protecting American Savers and Retirees Act is a House bill in committee. The latest recorded action: Referred to the House Committee on Ways and Means.

Latest action on H.R. 684: Referred to the House Committee on Ways and Means.

Who this affects: This bill mainly affects companies that buy back their own stock. Those companies would no longer pay this specific federal tax for tax years starting in 2025 or later. It also affects the federal government because it would stop collecting this tax. Investors, including people with retirement savings in stocks, could feel indirect effects, but the bill does not say how large those effects would be.

Why this matters: This bill matters because it would make stock buybacks cheaper for companies. That could change how companies choose between buybacks, dividends, hiring, wages, research, or other spending. It could also reduce federal tax revenue, but the bill does not say by how much. Any effect on everyday investors or retirement savers would depend on how companies respond.

Key provisions in H.R. 684

• Ends Chapter 37 of the Internal Revenue Code of 1986. That chapter controls the federal excise tax on corporate stock buybacks.
• Deletes the Chapter 37 listing from subtitle D of the Internal Revenue Code, so the tax code no longer lists that chapter.
• Applies to tax years that begin after December 31, 2024.
• Would end this specific federal tax on corporate stock buybacks going forward. It would leave the rest of the tax code in place.

How Modern Action helps you take action on H.R. 684

You do not have to start with a blank letter. Modern Action turns the bill, your position, and the relevant congressional context into a message you can edit and send. The goal is to make contacting Congress clear, specific, and useful without forcing you to parse bill text or figure out the right office on your own.

Questions people ask about H.R. 684

What is H.R. 684?

Companies could buy back their own stock without paying this specific federal tax. The change would start with tax years beginning after December 31, 2024.

How do I support or oppose H.R. 684?

Choose support, oppose, or ask for changes on Modern Action. The action flow drafts the message for you and keeps the wording tied to this bill.

Who should I contact about H.R. 684?

Modern Action uses your location to route the action to the congressional offices relevant to the bill and your representation.

Can Modern Action explain H.R. 684 before I act?

Yes. Modern Action gives you a plain-English summary, current status, and action context before you send anything.