# Plain Language Summary: Federal Minimum Wage for Large Corporations

This bill would raise the federal minimum wage, but only for workers employed by very large companies—specifically those with at least $1 billion in annual revenue. Right now, the federal minimum wage is $7.25 per hour and applies to all employers across the country. This bill would create a higher minimum wage floor just for the biggest corporations, while smaller businesses would continue following the current federal minimum wage rules.

The practical effect is that if you work for a massive company like Walmart, Amazon, McDonald's, or other billion-dollar corporations, you could potentially earn more than the current $7.25 minimum. However, the bill text provided doesn't specify exactly what the new minimum wage amount would be—that detail would be in the full legislative language. Workers at smaller companies and local businesses wouldn't see a change from this particular bill, though they'd still be subject to whatever their state's minimum wage is if it's higher than the federal minimum.

This approach targets the largest employers specifically because they have the financial resources to absorb higher labor costs. Supporters argue that mega-corporations can afford to pay workers more, while critics might worry about unintended consequences or argue that all workers deserve a higher minimum wage regardless of company size. The bill would amend the Fair Labor Standards Act, which is the main federal law governing wages and working hours.

A bill to amend the Fair Labor Standards Act of 1938 to increase the Federal minimum wage for employers with at least $1,000,000,000 in annual revenue, and for other purposes.

Hawley, Josh

 <p>This bill requires employers with annual revenue of at least $1 billion to increase the minimum wage for their employees over a 5-year period. The requirement does not apply to tipped employees.</p>