HR. 122In Committee
Original LAW Act
Raises the federal minimum wage on a set schedule and later ties updates to a formula based on a renter family poverty threshold
Plain-English overview
What this bill does
Raises the federal minimum wage on a set schedule and later ties updates to a formula based on a renter family poverty threshold
Key points
- Establish scheduled annual wage increases
- Require seven year wage updates
- Prohibit minimum wage reductions
- Increase federal minimum wage
Current status
Where it stands
Status
In Committee
Latest action
2025-01-03 — Referred to the House Committee on Education and Workforce.
Related context
Topics and policy areas
undefinedHousing finance and home ownershipLabor and EmploymentLabor standardsWages and earnings