Bill
Bill > HR7562
summary
Introduced
07/09/2020
07/09/2020
In Committee
07/09/2020
07/09/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
Establishes measures to provide economic assistance to youth sports providers, programs, and organizations in response to COVID-19 (i.e., coronavirus disease 2019). Specifically, the bill (1) requires the Small Business Administration to establish a loan program for youth sports providers affected by COVID-19, (2) expands the Child and Dependent Care Tax Credit to include expenses for youth physical activities, (3) makes certain sports and fitness expenses eligible to be paid for with Health Savings Accounts and Flexible Spending Accounts (FSAs), and (4) increases the maximum contribution per household for Dependent Care FSAs.
AI Summary
This bill establishes measures to provide economic assistance to youth sports providers, programs, and organizations in response to COVID-19. Specifically, it:
1) Requires the Small Business Administration to establish a loan program for youth sports providers affected by COVID-19, including provisions for loan forgiveness based on maintaining youth participation levels.
2) Expands the Child and Dependent Care Tax Credit to include expenses for youth physical activities like sports and fitness.
3) Makes certain sports and fitness expenses eligible to be paid for with Health Savings Accounts and Flexible Spending Accounts.
4) Increases the maximum contribution per household for Dependent Care Flexible Spending Accounts.
The bill aims to support the youth sports industry and help working families cover the costs of their children's physical activities during the COVID-19 pandemic.
Committee Categories
Budget and Finance
Sponsors (40)
Max Rose (D)*,
Nanette Barragán (D),
Suzanne Bonamici (D),
Gil Cisneros (D),
Yvette Clarke (D),
Joe Cunningham (D),
Sharice Davids (D),
Susan Davis (D),
Madeleine Dean (D),
Michael Doyle (D),
Brian Fitzpatrick (R),
Vicente Gonzalez (D),
Josh Gottheimer (D),
Alcee Hastings (D),
John Katko (R),
Andy Kim (D),
Ron Kind (D),
Darin LaHood (R),
Barbara Lee (D),
Andy Levin (D),
Zoe Lofgren (D),
Sean Maloney (D),
Jim McGovern (D),
Joe Morelle (D),
Joe Neguse (D),
Eleanor Holmes Norton (D),
Donald Payne (D),
Jamie Raskin (D),
Cedric Richmond (D),
Tim Ryan (D),
Mary Gay Scanlon (D),
Jan Schakowsky (D),
Terri Sewell (D),
Elissa Slotkin (D),
Tom Suozzi (D),
Lori Trahan (D),
David Trone (D),
Jeff Van Drew (R),
Marc Veasey (D),
Ron Wright (R),
Last Action
Referred to the Committee on Ways and Means, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (on 07/09/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/house-bill/7562/all-info |
| BillText | https://www.congress.gov/116/bills/hr7562/BILLS-116hr7562ih.pdf |
| Bill | https://www.congress.gov/116/bills/hr7562/BILLS-116hr7562ih.pdf.pdf |
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