Qualified Health Savings Account Distribution Act of 2021

Hozzl · 2022-12-31T05:27:04Z

Explore the details of Senate Bill 2113 Qualified Health Savings Account Distribution Act of 2021 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

12/31/2022, 5:27 AM

Congressional Summary of S 2113

Qualified Health Savings Account Distribution Act of 2021

This bill modifies the rules for using a conversion or termination of a flexible spending account or a health reimbursement arrangement to establish a health savings account.

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Current Status of Bill S 2113

Bill S 2113 is currently in the status of Bill Introduced since June 17, 2021. Bill S 2113 was introduced during Congress 117 and was introduced to the Senate on June 17, 2021. Bill S 2113's most recent activity was Read twice and referred to the Committee on Finance. as of June 17, 2021

Bipartisan Support of Bill S 2113

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 2113

Primary Policy Focus

Taxation

Potential Impact Areas

- Bank accounts, deposits, capital

- Employee benefits and pensions

- Health care costs and insurance

- Income tax exclusion

- Tax administration and collection, taxpayers

Alternate Title(s) of Bill S 2113

A bill to amend the Internal Revenue Code of 1986 to expand permissible distributions from an employee's health flexible spending account or health reimbursement arrangement to their health savings account.

Qualified Health Savings Account Distribution Act of 2021