HR122119th CongressWALLET

Original LAW Act

Sponsored By: Representative Green, Al (TX)

Introduced

Summary

A scheduled federal minimum wage that rises to $26.59 by 2030 and then ties future increases to a poverty-based formula. This bill would create step increases from 2026 through 2030 and then require the Secretary of Labor to set the wage every 7 years based on a formula tied to the Federal supplemental poverty threshold for a renter family of four with two children.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Higher federal minimum wage for workers

If enacted, this bill would raise the federal minimum wage in steps. Covered workers would get $10.59 per hour on January 1, 2026. You would get $14.59 on January 1, 2027; $18.59 on January 1, 2028; $22.59 on January 1, 2029; and $26.59 on January 1, 2030. Starting January 1, 2031, the Labor Secretary would set the wage every seven years so a person working 1,799 hours earns 40% above the BLS supplemental poverty threshold for a renter family of four with two children from the prior year. The Secretary would decide the rate by October 1 and publish it by November 1 in each determination year. If the formula gives a lower rate than the current one, the wage would not be cut.

Sponsors & CoSponsors

Sponsor

Green, Al (TX)

TX • D

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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