House Bill 7666
116th Congress(2019-2020)
Family Savings Flexibility Act
Introduced
Introduced in House on Jul 16, 2020
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
7666
Congress
116
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No House votes have been held for this 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.
July 16, 2020
07/29/2020
Referred to the Subcommittee on Select Revenue Measures.
07/29/2020
Sponsor introductory remarks on measure. (CR H3918)
07/16/2020
Referred to the House Committee on Ways and Means.
07/16/2020
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:45:54 PM