HR7922 (Small Business Dependent Care FSA Opportunity Act) introduces a targeted tax credit for small employers' dependent care FSA startup costs, creating a structural tailwind for FSA administrators like PAYX, ADP, and WEX. The bill is early-stage (referred to Ways & Means) with a net-zero federal revenue impact given the credit structure, limiting near-term urgency but providing a clear medium-term adoption catalyst.
→ Reduces first-year employer cost to zero for plans under $500 total cost, and caps employer cost at $5,000 for larger plans; directly incentivizes new plan creation among SMBs
HR7922