OFFICIAL LEGAL TITLE
Family Savings for Kids and Seniors Act
FREQUENTLY ASKED QUESTIONS
What is the official ID of this bill?
The official print number for this legislation is 117_HR_833.
Which chamber initiated this legislation?
This legislation was initiated in the House of Representatives.
When did the legislative process begin?
The process officially started on 2021-02-04.
What are the main provisions?
Key points include:
- Increases the tax-exempt amount for employer-provided dependent care assistance.
- The exclusion amount will be automatically adjusted for inflation starting in 2022, preserving its real value.
- These changes could lead to greater tax savings for families utilizing employer-sponsored care programs.
What is the specific legal status?
The current status is Expired.
Where can I read the full text of this legislation?
The full official text is available at:
View full text
Who is the primary sponsor?
The primary sponsor is Rep. Porter, Katie [D-CA-45].
What is the latest detailed status?
The latest detailed status is: Referred to the House Committee on Ways and Means.
Is this summary verified?
Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.