Federal Contractors Act mandates a living wage for federal contractors, adjusting annually.

The Living Wage for Federal Contractors Act sets a minimum wage for employees of federal contractors, increasing annually. It starts at $17 per hour and rises to $25 per hour over four years. The act also mandates that federal agencies pay the higher of the prevailing wage or the wage set by this act. It includes provisions for enforcement, such as withholding payments and imposing civil penalties for violations. The act applies to contracts entered into after its enactment.

Federal Contractors Act mandates a living wage for federal contractors, adjusting annually.

The Living Wage for Federal Contractors Act sets a minimum wage for employees of federal contractors, increasing annually. It starts at $17 per hour and rises to $25 per hour over four years. The act also mandates that federal agencies pay the higher of the prevailing wage or the wage set by this act. It includes provisions for enforcement, such as withholding payments and imposing civil penalties for violations. The act applies to contracts entered into after its enactment.