We want to make sure that we're doing right by families. So the legislation that I want to offer up today really focuses on that. First of all, first number one is the Child Act. Since the creation of dependent care FSAs in 1986, the contribution limit has remained $5,000. With the ever increasing cost of child care and cumulative inflation measuring roughly 188% over the 39 year period since these accounts were created, relief is needed for American families. (00:46–00:55)
CLAIM
Asserts that the contribution limit for dependent care FSAs has not changed since 1986.
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