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Reports on Minimum Wage Impact on Small Businesses and Recovery.

This act requires the Small Business Administration (SBA) to prepare reports on how small businesses are recovering from the coronavirus pandemic. It will also analyze how a potential increase in the federal minimum wage to $15 would affect prices, employment, and automation in these businesses. This aims to help understand the consequences for the economy and jobs.
Key points
SBA will study small business recovery from the pandemic, broken down by industry and for businesses with fewer than 500 employees.
SBA will analyze the impact of a $15 minimum wage increase on prices, employment levels, job losses, and automation in small businesses.
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Additional Information
Ensuring Economic Recovery Act
Print number: HR 1718
Sponsor: Rep. Van Duyne, Beth [R-TX-24]
Process start date: 2021-03-09