Declares it to be in the public interest to establish a program that: (1) Allows parents to bond with a newborn or newly placed child, and workers to care for seriously ill family members or recover from their own serious health condition;

(2) Is in addition to those programs offered by employers;

(3) Provides limited income support for a reasonable period while an individual is away from work on family and medical leave; and

(4) Reduces the impact on state income support programs by increasing an individual's ability to provide caregiving services for family members while maintaining an employment relationship.