S. 3972 — Introduced in Senate

II 116th CONGRESS 2d Session S. 3972 IN THE SENATE OF THE UNITED STATES June 17, 2020Ms. Klobuchar (for herself and Mrs. Capito) introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To provide that the unused balance of a dependent care flexible spending arrangement at the end of plan year 2020 may be rolled over to the following plan year. 1. Short title This Act may be cited as the COVID–19 Dependent Care Flexible Spending Arrangement Rollover Act of 2020. 2. Rollover of unused balance of dependent care flexible spending arrangements to plan year 2021 As soon as practicable after the date of the enactment of this Act, the Secretary of the Treasury (or the Secretary’s delegate) shall issue regulations or other guidance that permit the unused balance (determined as of the end of plan year 2020) of any dependent care flexible spending arrangement to be rolled over to plan year 2021.