Policy Impact Analysis - 117/HR/8388

Bill Overview

Title: Empowering Employer Child and Elder Care Solutions Act

Description: This bill excludes the value of employer-funded child or dependent care from being used in calculating an eligible employee's overtime pay rate.

Sponsors: Rep. Stefanik, Elise M. [R-NY-21]

Target Audience

Population: People globally receiving employer-funded child or dependent care benefits

Estimated Size: 10000000

Reasoning

Simulated Interviews

software engineer (San Francisco, CA)

Age: 30 | Gender: female

Wellbeing Before Policy: 7

Duration of Impact: 5.0 years

Commonness: 10/20

Statement of Opinion:

  • I appreciate the childcare benefits my company offers, as they make a big financial difference.
  • The new policy is concerning as it might reduce my overtime pay.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 7
Year 2 6 7
Year 3 6 7
Year 5 7 8
Year 10 7 8
Year 20 7 8

project manager (Austin, TX)

Age: 45 | Gender: male

Wellbeing Before Policy: 6

Duration of Impact: 3.0 years

Commonness: 8/20

Statement of Opinion:

  • The eldercare support offered is invaluable as it helps balance my work and care responsibilities.
  • I am unsure how this policy would directly impact my finances, but any reduction in pay isn't ideal.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 6
Year 2 6 6
Year 3 6 6
Year 5 6 6
Year 10 7 7
Year 20 7 7

nurse (New York, NY)

Age: 38 | Gender: female

Wellbeing Before Policy: 5

Duration of Impact: 10.0 years

Commonness: 7/20

Statement of Opinion:

  • Childcare benefits are crucial for balancing my demanding schedule.
  • I rely on overtime for extra income, so I’m worried about potential pay changes.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 4 5
Year 2 4 5
Year 3 5 6
Year 5 5 7
Year 10 6 7
Year 20 6 7

accountant (Chicago, IL)

Age: 50 | Gender: male

Wellbeing Before Policy: 7

Duration of Impact: 0.0 years

Commonness: 12/20

Statement of Opinion:

  • The care benefits slightly ease my financial burden.
  • This policy doesn’t really affect me as I rarely work overtime.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 7
Year 2 7 7
Year 3 7 7
Year 5 7 7
Year 10 8 8
Year 20 8 8

junior marketing analyst (Seattle, WA)

Age: 25 | Gender: male

Wellbeing Before Policy: 6

Duration of Impact: 7.0 years

Commonness: 6/20

Statement of Opinion:

  • The eldercare benefits help, but overtime is where I get most of my needed pay boost.
  • If overtime calculations change, I’ll feel the impact, though I'm early in my career.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 5 6
Year 2 5 6
Year 3 5 6
Year 5 6 7
Year 10 6 7
Year 20 7 7

teacher (Miami, FL)

Age: 33 | Gender: female

Wellbeing Before Policy: 6

Duration of Impact: 4.0 years

Commonness: 9/20

Statement of Opinion:

  • Having on-site childcare makes my job sustainable as a single working parent.
  • I’m wary about potential cuts to my overtime pay, but grateful for the benefits.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 5 6
Year 2 5 6
Year 3 6 6
Year 5 6 7
Year 10 6 7
Year 20 6 7

logistics coordinator (Atlanta, GA)

Age: 42 | Gender: female

Wellbeing Before Policy: 7

Duration of Impact: 2.0 years

Commonness: 15/20

Statement of Opinion:

  • The current benefits are crucial, though I seldom work overtime.
  • This policy might not impact me much since my overtime hours are limited.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 7
Year 2 7 7
Year 3 7 7
Year 5 7 7
Year 10 8 8
Year 20 8 8

construction worker (Denver, CO)

Age: 28 | Gender: male

Wellbeing Before Policy: 6

Duration of Impact: 5.0 years

Commonness: 7/20

Statement of Opinion:

  • It's great that my new job offers care benefits, but I’m mostly concerned about keeping my overtime income stable.
  • The policy change could make it tough during peak work times.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 5 6
Year 2 5 6
Year 3 6 6
Year 5 6 7
Year 10 7 7
Year 20 7 7

warehouse supervisor (Detroit, MI)

Age: 39 | Gender: female

Wellbeing Before Policy: 6

Duration of Impact: 10.0 years

Commonness: 5/20

Statement of Opinion:

  • Overtime is a crucial part of my income, and dependent care benefits offer relief, though they’re limited.
  • If overtime pay is lessened, it could significantly affect my financial situation.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 4 6
Year 2 5 6
Year 3 5 6
Year 5 6 7
Year 10 7 7
Year 20 7 7

hospital administrator (New Orleans, LA)

Age: 48 | Gender: female

Wellbeing Before Policy: 8

Duration of Impact: 0.0 years

Commonness: 14/20

Statement of Opinion:

  • The eldercare assistance allows me to be more focused at work.
  • Luckily, I have some control over my schedule, so this policy doesn't directly affect me.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 8 8
Year 2 8 8
Year 3 8 8
Year 5 8 8
Year 10 9 9
Year 20 9 9

Cost Estimates

Year 1: $20000000 (Low: $15000000, High: $25000000)

Year 2: $21000000 (Low: $15000000, High: $25000000)

Year 3: $22000000 (Low: $16000000, High: $26000000)

Year 5: $25000000 (Low: $18000000, High: $30000000)

Year 10: $30000000 (Low: $20000000, High: $35000000)

Year 100: $40000000 (Low: $30000000, High: $50000000)

Key Considerations