Bill > S3453

Introduced Session

Fair Minimum Wage Act of 2012 - Amends the Fair Labor Standards Act of 1938 (FLSA) to increase the federal minimum wage for employees to: (1) $8.10 an hour on the first day of the third month after the enactment of this Act; (2) $8.95 an hour after one year; (3) $9.80 an hour after two years; and (4) the amount determined by the Secretary of Labor (based on increases in the Consumer Price Index) after three years, and annually thereafter. Increases the federal minimum wage for tipped employees to $3.00 an hour for one year on the first day of the third month after the enactment of this Act. Provides a formula for subsequent annual adjustments of the wage increase to ensure that it remains equal to 70% of the wage in effect under FLSA for other employees. Directs the Secretary of Labor, 60 days before any increase in the minimum wage, to publish it in the Federal Register and on the Department of Labor's website.

Committee Categories

Daniel Akaka (D),  Richard Blumenthal (D),  Barbara Boxer (D),  Sherrod Brown (D),  Dick Durbin (D),  Al Franken (D),  Kirsten Gillibrand (D),  Tom Harkin (D),  Frank Lautenberg (D),  Patrick Leahy (D),  Jeff Merkley (D),  Barbara Mikulski (D),  Patty Murray (D),  Bernie Sanders (I),  Chuck Schumer (D),  Jim Webb (D),  Ron Wyden (D), 

Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (text of measure as introduced: CR S5492) (on 07/26/2012)

Official Document