,i #aaith ,,congress #ast ,session ,h4 ,r4 #fhd ,,in ,,the ,,house ,,of ,,representatives ,january #bc1 #bjbe,mr4 ,kustoff introduced the following bill2 which was referred to the ,committee on ,ways and ,means ,a ,,bill ,to amend the ,internal ,revenue ,code of #aihf to repeal the excise tax on repurchase of corporate stock4 #a4 ,short title ,this ,act may be cited as the ,protecting ,american ,savers and ,retirees ,act4 #b4 ,repeal of excise tax on repurchase of corporate stock 7a7 ,in general ,chapter #cg of the ,internal ,revenue ,code of #aihf is repealed4 7b7 ,clerical amendment ,the table of chapters for subtitle ,d is amended by striking the item relating to chapter #cg4 7c7 ,effective date ,the amendment made by this section shall apply to taxable years beginning after ,december #ca1 #bjbd4