Federal HB10294 proposes to amend the Fair Labor Standards Act to increase the minimum wage.

Federal HB10294, the "Better Pay for American Workers Act," proposes to amend the Fair Labor Standards Act of 1938 to increase the minimum wage. The bill sets a new minimum wage schedule, starting at $15.00 an hour in 2027, $17.50 in 2028, and $20.00 in 2029. After 2029, the minimum wage will increase annually based on the median hourly wage of all employees, as determined by the Bureau of Labor Statistics. The wage will be rounded to the nearest multiple of $0.05. This change aims to ensure that the minimum wage keeps pace with economic conditions and the cost of living.

Federal HB10294 proposes to amend the Fair Labor Standards Act to increase the minimum wage.

Federal HB10294, the "Better Pay for American Workers Act," proposes to amend the Fair Labor Standards Act of 1938 to increase the minimum wage. The bill sets a new minimum wage schedule, starting at $15.00 an hour in 2027, $17.50 in 2028, and $20.00 in 2029. After 2029, the minimum wage will increase annually based on the median hourly wage of all employees, as determined by the Bureau of Labor Statistics. The wage will be rounded to the nearest multiple of $0.05. This change aims to ensure that the minimum wage keeps pace with economic conditions and the cost of living.