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Family Savings for Kids and Seniors Act

12/30/2023, 8:15 AM

Congressional Summary of HR 5036

Family Savings for Kids and Seniors Act

This bill provides an annual inflation adjustment after 2023 to the $5,000 tax exclusion for employer-provided dependent care assistance.

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Current Status of Bill HR 5036

Bill HR 5036 is currently in the status of Bill Introduced since July 27, 2023. Bill HR 5036 was introduced during Congress 118 and was introduced to the House on July 27, 2023.  Bill HR 5036's most recent activity was Referred to the House Committee on Ways and Means. as of July 27, 2023

Bipartisan Support of Bill HR 5036

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
5
Democrat Cosponsors
1
Republican Cosponsors
4
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 5036

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 5036

Family Savings for Kids and Seniors Act
Family Savings for Kids and Seniors Act
To amend the Internal Revenue Code of 1986 to increase the exclusion for employer-provided dependent care assistance including the limitation on dependent care flexible spending arrangements.

Comments

Sponsors and Cosponsors of HR 5036

Katie Porter
Katie Porter
CaliforniaDemocrat
Eleanor Holmes Norton
Eleanor Holmes Norton
District of ColumbiaDemocrat
Marcus J. Molinaro
Marcus J. Molinaro
New YorkRepublican
Jennifer A. Kiggans
Jennifer A. Kiggans
VirginiaRepublican
Ashley Hinson
Ashley Hinson
IowaRepublican
Tom Cole
Tom Cole
OklahomaRepublican

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