Federal Employees Paid Parental Leave Act of 2006

Federal Employees Paid Parental Leave Act of 2006 - Allows federal employees to substitute any available paid leave for any leave without pay available for either the: (1) birth of a child; (2) placement of a child with the employee for either adoption or foster care; (3) care of a seriously ill family member; or (4) employee's own serious health condition.

Makes available as paid leave for any of the 12 weeks of leave an employee is entitled to for the above purposes: (1) six weeks of paid leave and any accumulated annual or sick leave for either the birth of a child or the placement of a child with the employee for adoption or foster care; and (2) any accumulated annual or sick leave for the care of a family member or the employee's own serious health condition.