,i  #aag? ,,congress  #b;d ,session  ,h4
 ,r4 #gjje  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,m>* #i1 #bjbb,mr4    
,mooney introduc$ ! foll[+ bill2 :i* 0  
ref]r$ to ! ,committee on ,f9ancial     
,s]vices1 & 9 addition to ! ,committee  
on ,ways & ,means1 = a p]iod to be      
subsequ5tly det]m9$ by ! ,speak]1 9 ea* 
case = consid]ation ( su* provisions z  
fall )9 ! jurisdiction ( ! committee    
conc]n$  ,a ,,bill  ,to require !       
,secret>y ( ! ,treasury to conduct a    
/udy on ! effects ( inflation on ! sav+s
 ( individuals 9 ! ,unit$ ,/ates1 & =   
o!r purposes4  #a4 ,%ort title ,?is ,act
 may be cit$ z ! ,protect+ ,am]icans'   
,sav+s ,act ( #bjbb 4  #b4 ,f9d+s       
,congress f9ds ! foll[+3 7#a7 ,high     
inflation erodes ! e>n+s & sav+s (      
h>d-work+ individuals across ! ,unit$   
,/ates4  7#b7 ,! ,consum] ,price ,index 
rose #g4e p]c5t f ,janu>y #bjba to      
,janu>y #bjbb1 :i* is ! l>ge/ increase 9
 a #ab-mon? p]iod 9 ov] #cj ye>s4  7#c7 
,! curr5t environm5t1 :]e high inflation

 is pair$ ) l[ int]e/ rates1 pu%es real 
sav+s yields deep into negative         
t]ritory4  7#d7 ,:ile ! yield ( a #a-ye>
 ,treasury bill 9 ,janu>y #bjbb 0 #j4e  
p]c5t1 ! real yield ( ! bill 0 negative 
#g p]c5t4  7#e7 ,negative sav+s returns 
adv]sely affect all :o save1 especially 
retirees & ^? :o rely on sav+s to build 
weal? or to prep>e = l>ge exp5ses1 su* z
 college tuition or a d[n paym5t on a   
home4  #c4 ,/udy on impact ( inflation  
on sav+s  7a7 ,/udy ,! ,secret>y ( !    
,treasury %all conduct a /udy to-- 7#a7 
exam9e ! effects ( inflation on ! real  
value ( sav+s & ! inc5tive to save =    
individuals 9 ! ,unit$ ,/ates1 includ+  
an analysis (-- 7,a7 :e!r l[ or negative
 real returns affect sav+s rates2  7,b7 
h[ negative real int]e/ rates affect    
individuals liv+ on fix$ incomes1 su* z 
retirees2  7,c7 h[ negative real int]e/ 
rates affect economic mobility2  7,d7 ! 
aggregate loss ( pur*as+ p[] ( sav+s t  
is attribut$ to inflation ) respect to  
common sav+s tools1 includ+ ,treasury   

bonds1 bills1 & notes1 int]e/ on sav+s  
acc\nts1 money m>ket acc\nts & funds1 & 
c]tificates ( deposit2 &  7,e7 h[       
inflation w affect sav+s returns ov] !  
next #e ye>s2 &  7#b7 assess !          
feasibility & impact ( rais+ ! curr5t   
limit1 p] individual1 on pur*ases (     
inflation-protect$ ,s]ies ,i bonds issu$
 by ! ,dep>tm5t ( ! ,treasury4  7b7     
,report ,n lat] ?an #cj days aft] ! date
 ( enactm5t ( ?is ,act1 ! ,secret>y %all
 submit to ! ,committee on ,f9ancial    
,s]vices ( ! ,h\se ( ,repres5tatives & !
 ,committee on ,bank+1 ,h\s+1 & ,urban  
,affairs ( ! ,s5ate a report on !       
results ( ! /udy requir$ "u subsection  
7a74