Section 1. Short title
This Act may be cited as the Protecting American Savers and Retirees Act.
(a) In general
Chapter 37 of the Internal Revenue Code of 1986 is repealed.
(b) Clerical amendment
The table of chapters for subtitle D is amended by striking the item relating to chapter 37.
(c) Effective date
The amendment made by this section shall apply to taxable years beginning after December 31, 2024.