H.R. 5376 Universal Paid Family and Medical Leave Benefit Formula, and the Distribution of Workers Across Selected Earnings Groups [October 22, 2021] [open pdf - 898KB]
From the Document: "H.R. 5376 (Title XIII, Subtitle A) proposes a new federal cash benefit for eligible individuals engaged in certain types of family and medical caregiving [hyperlink]. Benefits would be calculated on a weekly basis (paid monthly) for up to a maximum of 12 workweeks of qualified caregiving in a benefit period (generally a 12-month period). The weekly benefit amount would be equal to the product of the 'weekly benefit rate' multiplied by the ratio of the number of creditable caregiving hours in the week to the number of hours in the regular workweek (i.e., weekly benefit rate x [hours of caregiving/hours in regular workweek]). Creditable caregiving hours may not exceed the number of hours in an individual's regular workweek (i.e., the ratio [hours of caregiving/hours in regular workweek] cannot exceed one). For example, an individual who regularly works 40 hours and has annual average earnings of $72,000 could claim a weekly benefit of $922 (based on a weekly benefit rate of $922 calculated as shown below) if they engaged in at least 40 caregiving hours; the weekly claim would be $466 (i.e., ½ x $922) if they provided 20 hours of caregiving."
CRS Insight, IN11783
Congressional Research Service: https://crsreports.congress.gov/