New Parents Act of 2021

New Parents Act of 2021

This bill allows parents to use a portion of their Social Security benefits for up to three months of paid parental leave after the birth or adoption of a child. To receive the parental leave benefit, parents must choose to either increase their retirement age or temporarily receive a reduction in Social Security benefits upon retirement, as specified.

Bill 117 HR 5808, also known as the New Parents Act of 2021, is a piece of legislation introduced in the US Congress. The purpose of this bill is to provide paid family leave for new parents in the United States.

Under the New Parents Act of 2021, eligible employees would be entitled to up to 12 weeks of paid leave following the birth or adoption of a child. This paid leave would be funded through a new payroll tax, which would be split between employers and employees.

The bill also includes provisions to ensure that small businesses are not disproportionately burdened by the new payroll tax. Additionally, the New Parents Act of 2021 would provide job protection for employees who take advantage of the paid leave benefit, ensuring that they can return to their jobs after their leave period is over. Overall, the New Parents Act of 2021 aims to support new parents in the United States by providing them with the financial means to take time off work to care for their new child. This bill is currently being debated in Congress, and its ultimate fate will depend on the outcome of these discussions.