How S 4981 changes current law

Compared against current U.S. Code AI-generated reading aid — verify against the official bill.

The bill amends the Fair Labor Standards Act to establish a series of increases for the federal minimum wage and define a 'large employer'.

• 29 U.S.C. 203

  (z) `Large employer' means any employer that-- (1) has an annual gross revenue of $1,000,000,000 or more; or (2) employs 500 or more employees throughout the United States.

  Defines 'large employer' for the purposes of minimum wage regulations.

• 29 U.S.C. 206(a)(1)

  $5.85 an hour, beginning on the 60th day after May 25, 2007; → (1) except as otherwise provided in this section-- (A) for purposes of such an employer that is a large employer, not less than-- (i) $12.00 per hour, beginning on the effective date under section 10 of the Living Wage For All Act; (ii) $15.00 per hour, beginning 1 year after such effective date; (iii) $18.00 per hour, beginning 2 years after such effective date; (iv) $20.00 per hour, beginning 3 years after such effective date; (v) $22.50 per hour, beginning 4 years after such effective date; (vi) $25.00 per hour, beginning 5 years after such effective date;

  Sets new minimum wage rates for large employers based on specified timelines.

• 29 U.S.C. 206

  (h) Determination Based on the National Median Hourly Wage.-- (1) In general.--The amount described in this subsection is the amount published by the Secretary under paragraph (2) for purposes of the relevant calendar year.

  Introduces a mechanism for setting future minimum wage based on the national median hourly wage.

• 29 U.S.C. 203(m)(2)(A)(i)

  the cash wage paid such employee, which for purposes of such determination shall be not less than-- → (i) the cash wage paid such employee, which for purposes of such determination shall be not less than-- (I) for purposes of such an employer that is a large employer-- (aa) $6.00 an hour, beginning on the effective date under section 10 of the Living Wage For All Act; (bb) $9.00 an hour, beginning 1 year after such effective date;

  Establishes a new minimum cash wage for tipped employees.

• 29 U.S.C. 206(g)(1)

  a wage which is not less than $4.25 an hour. → a wage at a rate that is not less than-- (A) for the 1-year period beginning on the effective date under section 10 of the Living Wage For All Act, $6.00 an hour;

  Increases the minimum wage for newly hired employees under 20 years old.

• 29 U.S.C. 216(b)

  the wage rate of any employee. → the wage rate or used.

  Expands conditions under which employers may be penalized for not complying with wage requirements.