H.R.7562 - COVID–19 Youth Sports and Healthy Working Families Relief Act116th Congress (2019-2020)
|Sponsor:||Rep. Rose, Max [D-NY-11] (Introduced 07/09/2020)|
|Committees:||House - Ways and Means; Small Business|
|Latest Action:||House - 07/09/2020 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. (All Actions)|
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Summary: H.R.7562 — 116th Congress (2019-2020)All Information (Except Text)
Introduced in House (07/09/2020)
COVID-19 Youth Sports and Healthy Working Families Relief Act
This bill 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.