H.R.7666: Family Savings Flexibility Act

About This Bill

  • Introduced July 16, 2020
  • Latest Major Action July 29, 2020

Bill Version

Bill Summary

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.

(Source: Library of Congress)

Bill Actions

Date Description
July 29, 2020
Referred to the Subcommittee on Select Revenue Measures.
July 16, 2020
Referred to the House Committee on Ways and Means.
July 16, 2020

Introduced in the House by Brad Wenstrup (R-Ohio)

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