US SB2823

Creates a federal paid family and medical leave insurance program administered by a new Office of Paid Family and Medical Leave within the Social Security Administration, providing up to 12 weeks of benefits per 12-month period

Covers leave for birth/adoption of a child, caring for a family member with a serious health condition, the individual's own serious health condition, or circumstances related to domestic violence, sexual assault, or stalking

Provides wage replacement at 85% of earnings up to $1,257/month, 69% for earnings between $1,257-$3,500, and 50% for earnings between $3,500-$6,200, with a maximum monthly benefit of $4,000 and minimum of $580 (adjusted for wage indexing)

Requires workers to have at least $2,000 in wages/self-employment income over the prior 8 calendar quarters to qualify, with applications accepted beginning 18 months after enactment

Allows states with existing paid leave programs enacted before the bill's passage ("legacy states") to continue administering their own programs while receiving federal grants to offset costs, provided their programs meet minimum federal standards