Bill > HR3746

This bill, titled the Fair Minimum Wage Act of 2013, proposes to increase the federal minimum wage in stages, starting with an increase to $8.50 per hour upon enactment, followed by increases to $10.00 per hour one year later, and $11.00 per hour two years after that. Beyond these set increases, the bill mandates that the Secretary of Labor will annually adjust the minimum wage based on the Consumer Price Index for Urban Wage Earners and Clerical Workers, ensuring it keeps pace with inflation and is rounded to the nearest $0.05. Additionally, the bill revises the minimum cash wage for tipped employees, initially setting it at $3.00 per hour and gradually increasing it over time until it reaches 70% of the general federal minimum wage, with subsequent annual adjustments to maintain that 70% ratio, also rounded to the nearest $0.05. The Secretary of Labor is required to publish notice of these wage adjustments in the Federal Register and on the Department of Labor's website at least 60 days before they take effect.