US HB7471

Federal minimum wage increases from $7.25 to $10.00/hour upon enactment, then to $13.00 (year 1), $16.50 (year 2), and $20.00/hour (year 3), with automatic annual adjustments thereafter based on the greater of CPI or GDP growth

Tipped employee base wage rises from $2.13 to $6.00/hour initially, increasing annually until reaching parity with the full minimum wage ($20.00/hour) in year 6, after which the separate tipped wage is eliminated; employees retain the right to keep all tips

Newly hired workers under age 20 see their training wage increase from $4.25 to $6.00/hour, rising by $2.00 annually until matching the full minimum wage, then the separate youth wage is repealed

Subminimum wage certificates for workers with disabilities are phased out over 6 years, with wages rising from $5.00/hour to full minimum wage; no new certificates may be issued and the program sunsets entirely

Secretary of Labor must publish notice of all wage increases in the Federal Register and on the Department of Labor website at least 60 days before each increase takes effect