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.
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 3, 2021
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Mar 3, 2021
Introduced in Senate
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Plain-English summary
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.
What's happening now
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Bill text
1 version
- Introduced in Senate Formatted Text PDF Formatted XML
Committees of jurisdiction
1
Cite this page
U.S. Congress. (2026). S. 555: 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.. 117th Congress. Open America. https://openamerica.io/bill/117-S-555/
"S. 555: 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.." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-555/.
S. 555, 117th Cong. (2026), https://openamerica.io/bill/117-S-555/.
[S. 555: 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.](https://openamerica.io/bill/117-S-555/)