Winning and losing voters tend to experience positive and negative emotions toward elections, respectively. The emotions of autobiographical event memories fade over time with unpleasant emotions fading faster than pleasant emotions; this phenomenon is referred to as the fading affect bias (FAB). Although the FAB differs across several event types (e.g., social media and nonsocial media), the FAB and its relations to political, healthy (e.g., grit), and unhealthy variables (e.g., depression) did not differ significantly across political and nonpolitical events in the context of the 2016 US presidential election. To further explore these relations across political and nonpolitical events, the current study used two online samples (college students and MTurk) in the 2020 US presidential election context. The FAB was expected and found to be robust, it was positively predicted by rehearsal ratings, and its relations to political variables were stronger for political events than nonpolitical events.