Senate Bill 4371
116th Congress(2019-2020)
Fair FSAs Act of 2020
Introduced
Introduced in Senate on Jul 30, 2020
Origin Chamber
Senate
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
4371
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 Senate votes have been held for this bill.
Summary
Fair FSAs Act of 2020
This bill 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).
July 30, 2020
07/30/2020
Read twice and referred to the Committee on Finance.
07/30/2020
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:45:33 PM