Summary: H.R.7562 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for H.R.7562. Bill summaries are authored by CRS.

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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.