Titled the Economic Security for New Parents Act, Senator Marco Rubio’s bill is the latest in a string of federal paid leave proposals. According to Senator Rubio’s release, Senate Bill 3345 “[c]reates an option for new parents to pull forward a portion of their Social Security to use for paid parental leave after the birth or adoption of a child.” See here. Consequently, “[p]arents taking the option will delay the date at which they begin receiving Social Security retirement benefits by 3 to 6 months per benefit taken, as determined by the Social Security Administration each year.” Id.
The bill was introduced into the Senate on August 1, 2018. As of August 8, 2018, the text has not been uploaded to congress.gov. See here. Nonetheless, the bill has drawn the ire of opponents labeling Senator Rubio’s proposal a “sham.” See here.