The bill would increase the federal minimum wage to $10.00 on its general effective date, then to $13.00, $16.50, and $20.00 in successive years, followed by annual adjustments based on the greater of specified inflation or gross domestic product increases. It would raise tipped employees’ cash wages through $20.00 over six years, require employees to retain tips, and ultimately replace the separate tipped wage with the general minimum wage. The bill would also phase in higher wages for certain workers under age 20 and individuals with disabilities, prohibit new special certificates for subminimum wages, and end that certificate authority after the specified wage reaches the general minimum wage.

FactVote-generated overview; it is not an official CRS summary.