,,ii #aaeth ,,congress #b;d ,session ,s4 #ccde ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,august #a1 #bjah ,mr4 ,rubio introduced the following bill2 which was read twice and referred to the ,committee on ,finance ,a ,,bill ,to provide paid parental leave benefits to parents following the birth or adoption of a child4 #a4 ,short title ,this ,act may be cited as the ,economic ,security for ,new ,parents ,act4 #b4 ,parental leave benefit payments 7a7 ,in general ,title ,,ii of the ,social ,security ,act 7#db ,u4,s4,c4 #dja et seq47 is amended by adding at the end the following new section3 #bce4 ,parental leave benefit payments 7a7 ,in general ,any individual who-- 7#a7 qualifies as an eligible parent 7as defined in subsection 7d772 7#b7 has filed an application for a parental leave benefit in accordance with paragraph 7#a7 of subsection 7c72 and 7#c7 has provided the ,commissioner with the information described in paragraph 7#c7 of such subsection1 shall be entitled1 subject to subsection 7f71 for such a benefit under this section4 7b7 ,benefit amount 7#a7 ,in general ,the amount of the parental leave benefit under this section shall be an amount equal to the applicable percentage of the primary insurance amount for the eligible parent 7as determined under section #bae7 for the month preceding the month in which the information described in subsection 7c77#c7 is received by the ,commissioner1 as though such parent had attained age #fb in such month4 7#b7 ,applicable percentage ,for purposes of paragraph 7#a71 the applicable percentage shall be-- 7,a7 in the case of an eligible parent who takes leave to provide care for a child for a period described in item 7aa7 of subsection 7c77#a77;,a77ii77,,ii71 #aej percent2 or 7,b7 in the case of an eligible parent who takes leave to provide care for a child for a period described in item 7bb7 of such subsection1 #cjj percent4 7#c7 ,reduction in benefit amount on account of disability insurance benefits ,the amount of any parental leave benefit under this section shall be reduced by the amount1 if any1 of any disability insurance benefits under section #bbc of the ,social ,security ,act 7#db ,u4,s4,c4 #dbc7 received by an eligible parent during the calendar year in which the parental leave benefit is received by such parent4 7#d7 ,rounding ,any amount determined under paragraph 7#a7 shall be rounded down to the next whole dollar amount4 7c7 ,administration 7#a7 ,application 7,a7 ,in general ,an application for a parental leave benefit shall include-- 7i7 a statement that the applicant anticipates giving birth to or becoming the parent of a child2 7ii7 if applicable1 an attestation from the applicant that the applicant has provided #fj days written notice to the applicant's employer of the applicant's intention 7except that if the date of the birth or placement involved requires the leave to begin in less than #fj days1 the attestation shall provide such written notice of that intention as is practicable7 to-- 7,i7 receive a parental leave benefit under this section2 and 7,,ii7 subject to subparagraph 7,b71 take leave to provide care for the child for-- 7aa7 #a month2 or 7bb7 a period of not less than #b consecutive months2 and 7iii7 the social security number of the applicant4 7,b7 ,two-parent household ,in the case in which both eligible parents of a child elect to receive a parental leave benefit under this section1 the leave requirement under subparagraph 7,a77ii77,,ii7 shall be applied to such parents jointly4 7,c7 ,online availability ,the ,secretary shall make the application described in this paragraph available through an ,internet website or other electronic media4 7#b7 ,eligibility determination ,following receipt of an application described in paragraph 7#a71 the ,commissioner shall-- 7,a7 determine whether the information required for such application has been properly submitted1 including determining the validity of the individual's social security number2 7,b7 determine whether the individual satisfies the requirement for quarters of coverage under subsection 7d77#b72 and 7,c7 provide notice to the individual regarding the determinations under subparagraphs 7,a7 and 7,b74 7#c7 ,notification ,not later than #eb weeks following the date of the birth or adoption of the child1 an individual who has submitted an application under paragraph 7#a7 shall provide the ,commissioner with-- 7,a7 the name and the date of the birth or adoption of the child2 7,b7 an attestation from the individual that they have submitted an application for issuance of a social security number for such child2 and 7,c7 a copy of the birth certificate or other documentation demonstrating that the individual is the parent of the child4 7#d7 ,payment ,the ,commissioner shall provide payment to the eligible parent of-- 7,a7 not later than #b weeks after receipt of the information described in paragraph 7#c71 #ej percent of the parental leave benefit2 and 7,b7 not later than #cj days after the payment described in subparagraph 7,a71 #ej percent of the parental leave benefit4 7#e7 ,review ,all final determinations of the ,commissioner under this subsection shall be reviewable according to the procedures set out in section #bje4 7#f7 ,minimum period of leave ,the ,commissioner may publish rules1 regulations1 or guidance or take other actions in order to ensure that any eligible parent 7or1 for purposes of paragraph 7#a77;,b71 both eligible parents7 claiming a benefit under this section takes leave from employment for a period of not less than the number of months provided under paragraph 7#a77;,a77ii77,,ii71 including directly contacting the employer of such parent or offsetting overpayments against future social security benefits4 7d7 ,eligible parent 7#a7 ,in general ,the term eligible parent means a parent who satisfies the requirement under paragraph 7#b74 7#b7 ,requirement for quarters of coverage ,the requirement described in this paragraph is that the individual shall have not less than-- 7,a7 7i7 #d quarters of coverage during the #d-quarter period preceding the birth or adoption of their child2 and 7ii7 #h quarters of coverage preceding the birth or adoption of their child2 or 7,b7 #ab quarters of coverage preceding the birth or adoption of their child4 7#c7 ,child and parent 7,a7 ,child ,in this section1 the term child means a biological or legally adopted child who has not attained #ah years of age4 7,b7 ,parent ,in this section1 the term parent means-- 7i7 the biological mother or father of a child2 or 7ii7 an individual who legally adopts a child1 who is the legal guardian of the child and who has the same principal place of abode as the child for more than of the taxable year4 7e7 ,relationship with state law2 employer benefits 7#a7 ,in general ,this section does not preempt or supercede any provision of ,state or local law that authorizes a ,state or political subdivision to provide paid parental or medical leave benefits similar to the benefits provided under this section4 7#b7 ,greater benefits allowed ,nothing in this ,act shall be construed to diminish the obligation of an employer to comply with any contract1 collective bargaining agreement1 or employment benefit program or plan that provides greater benefits for leave or other leave rights to individuals than the benefits for leave or leave rights established under this ,act4 7f7 ,sunset ,no benefits shall be paid under this section after ,december #ca1 #bjbc4 4 7b7 ,delayed eligibility for old-,age insurance benefits 7#a7 ,retirement age2 early retirement age ,section #baf7l7 of the ,social ,security ,act 7#db ,u4,s4,c4 #daf7l77 is amended by adding at the end the following3 7#d7 7,a7 ,notwithstanding the preceding paragraphs of this subsection1 in the case of an individual who received a parental leave benefit under section #bce-- 7i7 the retirement age with respect to such individual shall be deemed to be-- 7,i7 the retirement age determined with respect to such individual under paragraph 7#a72 plus 7,,ii7 the parental leave benefit adjustment with respect to such individual1 as determined under subparagraph 7,b72 and 7ii7 the early retirement age with respect to such individual shall be deemed to be-- 7,i7 the early retirement age determined with respect to such individual under paragraph 7#b72 plus 7,,ii7 the parental leave benefit adjustment with respect to such individual1 as determined under subparagraph 7,b74 7,b7 7i7 7,i7 ,for purposes of subparagraph 7,a71 the parental leave benefit adjustment of the individual shall be equal to the sum of any adjusted benefit months of such individual4 7,,ii7 ,the term adjusted benefit months means1 for each parental leave benefit received by an individual under section #bce1 the number of months 7rounded to the nearest whole month7 equal to the product of-- 7aa7 #c months 7or1 in the case of an eligible parent who takes leave to provide care for a child for a period described in item 7aa7 of section #bce7;c77#a77;,a77ii77,,ii71 #a4e months71 multiplied by 7bb7 the parental leave benefit ratio applicable for the calendar year in which such parental leave benefit was received4 7ii7 ,the parental leave benefit ratio for each calendar year shall be the amount1 as determined by the ,chief ,actuary of the ,social ,security ,administration1 needed to ensure that the total amount of annual outlays from the ,federal ,old-,age and ,survivors ,insurance ,trust ,fund which are attributable to parental leave benefit payments under section #bce are equivalent to the subsequent reduction in outlays from such ,trust ,fund which are attributable to the application of the amendments made by section #b7;b7 of the ,economic ,security for ,new ,parents ,act4 7iii7 ,in each calendar year1 the ,commissioner shall publish in the ,federal ,register1 on or before ,november #a1 the parental leave benefit ratio applicable for any parental leave benefits received by any individual during the subsequent calendar year4 4 7#b7 ,delayed retirement credits ,section #bjb7w7 of the ,social ,security ,act 7#db ,u4,s4,c4 #djb7w77 is amended by inserting after age #gj each place it appears the following3 7or1 in the case of an individual described in subparagraph 7,a7 of paragraph 7#d7 of section #baf7l71 age #gj plus the parental leave benefit adjustment determined under subparagraph 7,b7 of such paragraph74 7#c7 ,voluntary suspension of benefits ,section #bjb7z77#a77;,a77i7 of the ,social ,security ,act 7#db ,u4,s4,c4 #djb7z77#a77;,a77i77 is amended by inserting after the age of #gj the following3 7or1 in the case of an individual described in subparagraph 7,a7 of paragraph 7#d7 of section #baf7l71 the age of #gj plus the parental leave benefit adjustment determined under subparagraph 7,b7 of such paragraph74 7c7 ,transfers to ,federal ,old-,age and ,survivors ,insurance ,trust ,fund ,section #bja of the ,social ,security ,act 7#db ,u4,s4,c4 #dja7 is amended by adding at the end the following new subsection3 7o7 7#a7 ,for each fiscal year1 there is hereby appropriated to the ,federal ,old-,age and ,survivors ,insurance ,trust ,fund1 out of any moneys in the ,treasury not otherwise appropriated1 an amount 7not less than zero7 equal to-- 7,a7 the total amount of outlays from the ,federal ,old-,age and ,survivors ,insurance ,trust ,fund during the preceding fiscal year which are attributable to parental leave benefit payments under section #bce2 minus 7,b7 the total reduction in outlays from such ,trust ,fund during the preceding fiscal year which are attributable to the application of the amendments made by section #b7;b7 of the ,economic ,security for ,new ,parents ,act4 7#b7 ,the amount appropriated to the ,federal ,old-,age and ,survivors ,insurance ,trust ,fund under paragraph 7#a7 shall be determined by the ,secretary of the ,treasury in consultation with the ,chief ,actuary of the ,social ,security ,administration4 4 7d7 ,effective date ,the amendments made by this section shall apply to calendar years beginning after ,december #ca1 #bjai4 #c4 ,taxation of ,parental ,leave ,benefit payments 7a7 ,in general ,section #hf of the ,internal ,revenue ,code of #aihf is amended-- 7#a7 in subsection 7d77#a77;,a71 by inserting 7or1 in the case of section #bce of the ,social ,security ,act1 a single benefit payment7 after a monthly benefit2 and 7#b7 by adding at the end the following new subsection3 7g7 ,parental ,leave ,benefit payments ,in the case of a taxpayer who receives a parental leave benefit under section #bce of the ,social ,security ,act during the taxable year1 the base amount and adjusted base amount1 as described in subsection 7c71 for such taxable year shall be determined by multiplying the dollar amounts otherwise applicable under paragraphs 7#a7 and 7#b7 of such subsection by #b4 4 7b7 ,effective date ,the amendments made by this section shall apply to taxable years beginning after ,december #ca1 #bjai4