Congress·In Committee·H.R. 7922
Small Business Dependent Care FSA Opportunity Act
Small Business Tax Credits for Childcare Savings Plans
This bill is currently in the early stages of the legislative process and is being reviewed by the House Committee on Ways and Means. No further actions are scheduled at this time. It is considered active but has not yet moved to a vote.
Legislative Progress
House
Key Points
- This bill gives small businesses a tax break to help them offer childcare savings accounts to their workers. These accounts let employees set aside money from their paychecks before taxes to pay for daycare or help with elderly relatives.
- Business owners could receive a tax credit of up to $5,000 each year for the first three years after starting the program. This money helps pay for the administrative costs and the time spent teaching staff how to use the benefit.
- The plan is designed for companies with 100 or fewer employees. It aims to help smaller shops compete with big companies that already offer these types of benefits to attract and keep good workers.
- To get the credit, the business must have at least one employee who is not a high-earning executive signed up for the plan. The company also cannot have offered a similar childcare benefit in the past three years.
Milestones
2 milestones2 actions
Mar 12, 2026
Referred to the House Committee on Ways and Means.
Mar 12, 2026
Introduced in House
Source Information
Document Type
Congressional Bill
Official Title
Small Business Dependent Care FSA Opportunity Act
Bill NumberHR 7922
Congress119th Congress
ChamberHouse of Representatives
Latest ActionReferred to the House Committee on Ways and Means.
Data Sources
Sponsor
Cosponsors
(2)D: 1R: 1
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