Section 1 Short title
This Act may be cited as the “COVID–19 Dependent Care Flexible Spending Arrangement Rollover Act of 2020”.
COVID–19 Dependent Care Flexible Spending Arrangement Rollover Act of 2020
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.
Sec. 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.