US SB4371 | 2019-2020 | 116th Congress
Status
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Introduced on July 30 2020 - 25% progression, died in committee
Action: 2020-07-30 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on July 30 2020 - 25% progression, died in committee
Action: 2020-07-30 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Requires employers to allow employees who separate from employment to elect to receive a distribution from their health flexible spending arrangement. It also allows employees to roll over existing balances attributable to a reduction in expected elective health care expenses in the plan year due to the outbreak of COVID-19 (i.e., coronavirus disease 2019).
Title
Fair FSAs Act of 2020
Sponsors
| Sen. Tina Smith [D-MN] | Sen. Kyrsten Sinema [I-AZ] | Sen. Chris Van Hollen [D-MD] |
History
| Date | Chamber | Action |
|---|---|---|
| 2020-07-30 | Senate | Read twice and referred to the Committee on Finance. |
Subjects
Cardiovascular and respiratory health
Emergency medical services and trauma care
Employee benefits and pensions
Health care costs and insurance
Income tax deductions
Income tax exclusion
Infectious and parasitic diseases
National Guard and reserves
Sales and excise taxes
Tax administration and collection, taxpayers
Taxation
Emergency medical services and trauma care
Employee benefits and pensions
Health care costs and insurance
Income tax deductions
Income tax exclusion
Infectious and parasitic diseases
National Guard and reserves
Sales and excise taxes
Tax administration and collection, taxpayers
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/senate-bill/4371/all-info |
| Text | https://www.congress.gov/116/bills/s4371/BILLS-116s4371is.pdf |
