US SB4372 | 2019-2020 | 116th Congress
Status
Spectrum: Slight Partisan Bill (Democrat 3-1)
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
Allows the carryover of unused dependent care flexible spending arrangement benefits from plan year 2020 to plan year 2021. It also allows employees terminated from employment to be reimbursed for unused dependent care benefits during a specified period. The bill requires the Department of the Treasury to issue rules or guidance to expand the definition of dependent care expenses eligible to be reimbursed from a dependent care flexible spending arrangement to account for changes in the dependent care needs of taxpayers due to a COVID-19 (i.e., corornavirus disease 2019) emergency declaration.
Title
Dependent Care Expense Relief Act of 2020
Sponsors
Sen. Tina Smith [D-MN] | Sen. Chris Van Hollen [D-MD] | Sen. Richard Blumenthal [D-CT] | Sen. Kyrsten Sinema [I-AZ] |
History
Date | Chamber | Action |
---|---|---|
2020-07-30 | Senate | Read twice and referred to the Committee on Finance. |
Subjects
Cardiovascular and respiratory health
Child care and development
Emergency medical services and trauma care
Employee benefits and pensions
Income tax exclusion
Infectious and parasitic diseases
Sales and excise taxes
Tax administration and collection, taxpayers
Taxation
Child care and development
Emergency medical services and trauma care
Employee benefits and pensions
Income tax exclusion
Infectious and parasitic diseases
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/4372/all-info |
Text | https://www.congress.gov/116/bills/s4372/BILLS-116s4372is.pdf |