s 13 40999 1171256400 false 1171256400 555 690 110 300091

2/12/2007--Introduced.<br/>SIMPLE Cafeteria Plan Act of 2007 - Amends the Internal Revenue Code to establish a new employee benefit cafeteria plan to be known as a Simple Cafeteria Plan. Defines &quot;Simple Cafeteria Plan&quot; as a cafeteria plan which: (1) is established and maintained by an employer with an average of 100 or fewer employees during a two-year period; (2) requires employers to make contributions or match employee contributions to the plan; (3) requires participating employees to have at least 1,000 hours of service for the preceding plan year and allows such employees to elect any benefit available under the plan; (4) permits participation by self-employed individuals; and (5) includes long-term care insurance as an qualified benefit. Exempts employers who make contributions for employees under a simple cafeteria plans from pension plan nondiscrimination requirements applicable to highly compensated and key employees. Modifies rules applicable to employee benefit flexible spending arrangements, including health and dependent care arrangements, to permit participants to make or modify elections regarding covered benefits and to carry over up to $500 (indexed for inflation) of unused benefits to the succeeding year or transfer such unused amounts to another plan, including an individual retirement plan or a health savings account. Allows an exclusion from the gross income of an employee of up to $7,500 ($10,000 for employees with one or more dependents) for employer contributions to a flexible spending arrangement. Provides for a cost-of-living adjustment to such exclusion amounts beginning in calendar year 2007.<br/>

1171256400 2007-02-12 Fri Nov 07 13:27:20 -0600 2008 introduced 40999 'act':4 '2007':6 'plan':3 'simpl':1 'cafeteria':2 44196 short introduced 40999 'set':16 '1986':10 'bill':2 'busi':14 'code':8 'make':30 'plan':20,37,46 'allow':12 'amend':4 'chang':31 'simpl':18 'small':13 'spend':39 'intern':6 'nontax':23 'provid':22,43 'purpos':52 'requir':34 'revenu':7 'account':40,48 'benefit':25,42 'employe':24,28 'flexibl':38 'cafeteria':19,36 41175 official action 40999 1171256400 Mon Feb 12 00:00:00 -0600 2007 105307 Introductory remarks on measure. (CR S1857-1859) S000663 1947-02-21 8897 154 Russell Senate Office Building http://snowe.senate.gov/webform.htm 202-224-1946 Olympia 'r':4 'sen':1 'snow':3,7,9 'olympia':2,6,8 F 300091 Snowe Olympia_Snowe J. Sen. Olympia Snowe [R, ME] 3616 N00000480 16226 Republican 202-224-5344 Greek Orthodox ME Olympia Snowe 2.54918032786885 http://snowe.senate.gov/ B000468 1943-10-03 7563 703 Hart Senate Office Building http://bingaman.senate.gov/contact/ 202-224-2852 Jeff 'd':4 'nm':5 'sen':1 'jeff':2,6,8 'bingaman':3,7,9 M 300009 Bingaman Jeff_Bingaman Sen. Jeff Bingaman [D, NM] 4100 N00006518 10378 Democrat 202-224-5521 Methodist NM Jeff Bingaman 4.2962962962963 http://bingaman.senate.gov B000611 1939-03-06 4173 274 Russell Senate Office Building http://bond.senate.gov/public/index.cfm?FuseAction=ContactUs.ContactForm 202-224-8149 Christopher 'r':4 'mo':5 'kit':8 'sen':1 'bond':3,7,10 'christoph':2,6,9 M 300010 Bond Christopher_S._Bond S. Sen. Christopher Bond [R, MO] 2109 Kit N00005178 10214 Republican 202-224-5721 Presbyterian MO Kit Christopher Bond 3.3859649122807 http://bond.senate.gov/public/ CSBondMO action 40999 1171256400 Mon Feb 12 00:00:00 -0600 2007 105307 Introductory remarks on measure. (CR S1857-1859) introduced 40999 1171256400 Mon Feb 12 00:00:00 -0600 2007 93136 action 40999 1171256400 Mon Feb 12 00:00:00 -0600 2007 115151 Sponsor introductory remarks on measure. (CR S1857-1859) action 40999 1171256400 Mon Feb 12 00:00:00 -0600 2007 93137 Read twice and referred to the Committee on Finance.