Legis Daily

Family Savings Flexibility Act

USA116th CongressHR-7666| House 
| Updated: 7/29/2020
Brad R. Wenstrup

Brad R. Wenstrup

Republican Representative

Ohio

Cosponsors (15)
Tom Cole (Republican)Steve Stivers (Republican)Jackie Walorski (Republican)Tim Walberg (Republican)Scott Perry (Republican)Joseph D. Morelle (Democratic)Mike Kelly (Republican)Eleanor Holmes Norton (Democratic)Anthony Gonzalez (Republican)Cynthia Axne (Democratic)Brian K. Fitzpatrick (Republican)Josh Gottheimer (Democratic)Troy Balderson (Republican)Chellie Pingree (Democratic)Bryan Steil (Republican)

Ways and Means Committee, Tax Subcommittee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Family Savings Flexibility Act This bill (1) increases to $2,750 the maximum amount of unused benefits or contributions remaining in a health flexible or dependent care spending arrangement that may be carried over from the 2020 to the 2021 plan year, (2) increases the maximum contribution amount for health savings accounts, and (3) increases the exclusion from employee gross income of employer-paid dependent care assistance.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jul 16, 2020
Introduced in House
Jul 16, 2020
Referred to the House Committee on Ways and Means.
Jul 29, 2020
Referred to the Subcommittee on Select Revenue Measures.
Jul 29, 2020
Sponsor introductory remarks on measure. (CR H3918)
  • July 16, 2020
    Introduced in House


  • July 16, 2020
    Referred to the House Committee on Ways and Means.


  • July 29, 2020
    Referred to the Subcommittee on Select Revenue Measures.


  • July 29, 2020
    Sponsor introductory remarks on measure. (CR H3918)

Taxation

Related Bills

  • HR 116-7008: Family Savings Flexibility Act
Employee benefits and pensionsHealth care costs and insuranceIncome tax deductionsIncome tax exclusionMarriage and family statusTax treatment of families

Family Savings Flexibility Act

USA116th CongressHR-7666| House 
| Updated: 7/29/2020
Family Savings Flexibility Act This bill (1) increases to $2,750 the maximum amount of unused benefits or contributions remaining in a health flexible or dependent care spending arrangement that may be carried over from the 2020 to the 2021 plan year, (2) increases the maximum contribution amount for health savings accounts, and (3) increases the exclusion from employee gross income of employer-paid dependent care assistance.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jul 16, 2020
Introduced in House
Jul 16, 2020
Referred to the House Committee on Ways and Means.
Jul 29, 2020
Referred to the Subcommittee on Select Revenue Measures.
Jul 29, 2020
Sponsor introductory remarks on measure. (CR H3918)
  • July 16, 2020
    Introduced in House


  • July 16, 2020
    Referred to the House Committee on Ways and Means.


  • July 29, 2020
    Referred to the Subcommittee on Select Revenue Measures.


  • July 29, 2020
    Sponsor introductory remarks on measure. (CR H3918)
Brad R. Wenstrup

Brad R. Wenstrup

Republican Representative

Ohio

Cosponsors (15)
Tom Cole (Republican)Steve Stivers (Republican)Jackie Walorski (Republican)Tim Walberg (Republican)Scott Perry (Republican)Joseph D. Morelle (Democratic)Mike Kelly (Republican)Eleanor Holmes Norton (Democratic)Anthony Gonzalez (Republican)Cynthia Axne (Democratic)Brian K. Fitzpatrick (Republican)Josh Gottheimer (Democratic)Troy Balderson (Republican)Chellie Pingree (Democratic)Bryan Steil (Republican)

Ways and Means Committee, Tax Subcommittee

Taxation

Related Bills

  • HR 116-7008: Family Savings Flexibility Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Employee benefits and pensionsHealth care costs and insuranceIncome tax deductionsIncome tax exclusionMarriage and family statusTax treatment of families