H.R. 5043 · 108th Congress
Minimum Wage Indexation Act of 2004
- Stage
- In committee
- Sponsor
- Chris Bell
- Introduced
- 2004-09-09
- Latest action
- 2004-09-30 · Referred to the Subcommittee on Workforce Protections.
Summary
Minimum Wage Act of 2004 - Amends the Fair Labor Standards Act of 1938 to increase the Federal minimum wage to: (1) $5.85 an hour, beginning on the 60th day after enactment of this Act; (2) $6.45 an hour, beginning 365 days after that 60th day; (3) $7.00 an hour, beginning 365 days after the $5.85 rate begins; and (4) $7.00 an hour plus a yearly increase determined by the Secretary of Labor to be in proportion to any increase in the Consumer Price Index for all urban consumers for the period between the beginning of the $7.00 rate and the first day of each subsequent 365-day period.