New Parents Act of 2021

12/31/2022, 5:35 AM

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.

Congress
117

Number
S - 2764

Introduced on
2021-09-20

# Amendments
0

Sponsors
+5

Cosponsors
+5

Variations and Revisions

9/20/2021

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

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.

Alternative Names
Official Title as IntroducedA bill to amend title II of the Social Security Act to make available parental leave benefits to parents following the birth or adoption of a child, and for other purposes.

Policy Areas
Social Welfare

Potential Impact
Adoption and foster care
Aging
Child care and development
Employee benefits and pensions
Employee leave
Family relationships
Government trust funds
Social security and elderly assistance

Comments

Recent Activity

Latest Summary10/30/2021

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...


Latest Action9/20/2021
Read twice and referred to the Committee on Finance.