S.1404: Medical FSA Improvement Act of 2011

About This Bill

Bill Summary

Medical FSA Improvement Act of 2011 - Amends the Internal Revenue Code to allow amounts in a flexible spending arrangement (FSA) that are not spent for medical care to be distributed to the FSA participant as taxable income after the close of a plan year (currently, such unspent amounts are forfeited). Includes such FSAs in the definition of tax-exempt cafeteria plans.

(Source: Library of Congress)

What Lawmakers Are Saying About This Bill

There is one statement associated with S.1404.

Bill Actions

Date Description
Sponsor introductory remarks on measure.
Read twice and referred to the Committee on Finance.
July 21, 2011

Introduced in the Senate by Benjamin L. Cardin (D-Md.)

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