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Minimum Wage Act: Increase to $15 per Hour.

This act aims to raise the federal minimum wage to $15 per hour. This means that individuals earning the minimum wage can expect an increase in their income, impacting their household budgets and purchasing power. The changes will take effect in the third month after the act's enactment.
Key points
Federal minimum wage will increase to $15 per hour.
The change applies to all employees covered by the federal minimum wage.
The act will become effective shortly after its enactment.
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Additional Information
Living Wage Now Act
Print number: HR 325
Sponsor: Rep. Cohen, Steve [D-TN-9]
Process start date: 2021-01-15