,,ii  #aac? ,,congress  #b;d ,session   
,s4 #bfah  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,july #af1 #bjad ,mrs4 
,fis*] 7= h]self & ,mr4 ,k+7 introduc$ !
 foll[+ bill2 :i* 0 read twice & ref]r$ 
to ! ,committee on ,f9ance  ,a ,,bill   
,to am5d ! ,int]nal ,rev5ue ,code (     
#aihf to provide a cr$it to employ]s :o 
provide paid family & m$ical leave4  #a4
 ,%ort title ,?is ,act may be cit$ z !  
,/rong ,families ,act4  #b4 ,employ]    
cr$it = paid family & m$ical leave  7a7 
,9 g5]al ,subp>t ,d ( "p ,,iv ( sub*apt]
 ,a ( *apt] #a ( ! ,int]nal ,rev5ue     
,code ( #aihf is am5d$ by add+ at ! end 
! foll[+ new section3  #de,s4 ,employ]  
cr$it = paid family & m$ical leave  7a7 
,9 g5]al ,= purposes ( section #ch1 9 ! 
case ( an eligible employ]1 ! paid      
family & m$ical leave cr$it is an am\nt 
equal to #be p]c5t ( ! am\nt ( wages    
paid to qualify+ employees dur+ any     
p]iod 9 :i* su* employees are on family 
& m$ical leave4  7b7 ,limitation ,!     
cr$it all[$ "u subsection 7a7 ) respect 

to any employee %all n exce$ #d1jjj p]  
employee p] ye>4 ,9 ! case ( any        
employee :o is n paid on an h\rly basis1
 ! wages ( su* employee %all be prorat$ 
to an h\rly basis "u regulations        
e/abli%$ by ! ,secret>y1 9 consultation 
) ! ,secret>y ( ,labor4  7c7 ,eligible  
employ] ,= purposes ( ?is section-- 7#a7
 ,9 g5]al ,! t]m eligible employ] means 
any employ] :o has 9 place a policy t   
provides-- 7,a7 all qualify+ full-"t    
employees ) n less ?an #d weeks ( paid  
family & m$ical leave1  7,b7 all        
qualify+ employees :o are n full-"t     
employees ) an am\nt ( paid family &    
m$ical leave t be>s ! same ratio to #d  
weeks z-- 7i7 ! numb] ( h\rs ! employee 
is expect$ to "w dur+ any week1 be>s to 
7ii7 ! numb] ( h\rs an equival5t        
qualify+ full-"t employee is expect$ to 
"w dur+ ! week1 &  7,c7 ! maximum am\nt 
( "t eligible employ]s may provide is   
twelve weeks4  7#b7 ,special rule =     
c]ta9 employ]s  7,a7 ,9 g5]al ,an add$  
employ] %all n be treat$ z an eligible  

employ] unless su* employ] provides paid
 family & m$ical leave "u a policy ) a  
provision t /ates t ! employ]-- 7i7 w n 
int]f]e )1 re/ra91 or d5y ! ex]cise ( or
 ! attempt to ex]cise1 any "r provid$ "u
 ! policy1 &  7ii7 w n dis*>ge or 9 any 
o!r mann] discrim9ate aga9/ any         
individual = oppos+ any practice        
prohibit$ by ! policy4  7,b7 ,add$      
employ]2 add$ employee ,= purposes ( ?is
 p>agraph-- 7i7 ,add$ employee ,! t]m   
add$ employee means a qualify+ employee 
:o is n cov]$ by title ,i ( ! ,family & 
,m$ical ,leave ,act ( #aiic4  7ii7 ,add$
 employ] ,! t]m add$ employ] means an   
eligible employ] 7det]m9$ )\t reg>d to  
?is p>agraph71 :e!r or n cov]$ by t     
title ,i1 :o (f]s paid family & m$ical  
leave to add$ employees4  7#c7 ,treatm5t
 ( ,/ate-paid b5efits ,= purposes (     
p>agraph 7#a71 any leave :i* is paid by 
a ,/ate or local gov]nm5t %all n be tak5
 into acc\nt 9 det]m9+ ! am\nt ( paid   
family & m$ical leave provid$ by !      
employ]4  7#d7 ,no inf]5ce ,no?+ 9 ?is  

subsection %all be con/ru$ z subject+ an
 employ] to any p5alty1 liability1 or   
o!r consequ5ce 7o!r ?an ineligibility = 
! cr$it all[$ by reason ( subsection    
7a77 = failure to comply ) ! requirem5ts
 ( ?is subsection4  7d7 ,qualify+       
employees ,= purposes ( ?is section1 !  
t]m qualify+ employee means any employee
 7z def9$ 9 section #c7;e7 ( ! ,fair    
,labor ,/&>ds ,act ( #aich7 :o has be5  
employ$ by ! employ] = "o ye> or m4  7e7
 ,family & m$ical leave ,= purposes (   
?is section1 ! t]m family & m$ical leave
 means leave = any purpose describ$ "u  
subp>agraph 7,a71 7,b71 7,c71 7,d71 or  
7,e7 ( p>agraph 7#a71 or p>agraph 7#c71 
( section #ajb7;a7 ( ! ,family & ,m$ical
 ,leave ,act ( #aiic1 :e!r ! leave is   
provid$ "u t ,act or by a policy ( !    
employ]4 ,su* t]m %all n include any    
leave provid$ z paid vacation leave1    
p]sonal leave1 or m$ical or sick leave  
7)9 ! mean+ ( ^? #c t]ms "u section     
#ajb7;d77#b7 ( t ,act74  7f7 ,wages ,=  
purposes ( ?is section1 ! t]m wages has 

! mean+ giv5 su* t]m by subsection 7b7 (
 section #ccjf 7det]m9$ )\t reg>d to any
 doll> limitation conta9$ 9 su*         
section74  4  7b7 ,cr$it "p ( g5]al     
bus9ess cr$it ,section #ch7;b7 ( !      
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by /rik+ plus at ! end ( p>agraph 7#ce71
 by /rik+ ! p]iod at ! end ( p>agraph   
7#cf7 & ins]t+ 1 plus1 & by add+ at !   
end ! foll[+ new p>agraph3  7#cg7 9 !   
case ( an eligible employ] 7z def9$ 9   
section #de,s7c771 ! paid family &      
m$ical leave cr$it det]m9$ "u section   
#de,s7a74  4  7c7 ,cl]ical am5dm5t ,!   
table ( sections = subp>t ,d ( "p ,,iv (
 sub*apt] ,a ( *apt] #a ( ! ,int]nal    
,rev5ue ,code ( #aihf is am5d$ by add+  
at ! end ! foll[+ new item3  ,sec4      
#de,s4 ,employ] cr$it = paid family &   
m$ical leave4  4  7d7 ,effective date ,!
 am5dm5ts made by ?is section %all apply
 to taxable ye>s beg9n+ aft] ! date ( ! 
enactm5t ( ?is ,act4