Overview
- The bill ends the 16-year freeze on the federal rate by setting a $15 wage floor on Jan. 1, 2026.
- It mandates annual cost-of-living adjustments to prevent future stagnation.
- Sen. Peter Welch (D-VT) co-sponsors the Higher Wages for American Workers Act, creating a rare cross-party alliance.
- Conservative groups like the Employment Policies Institute and GOP senators, including Kevin Cramer (R-ND), warn it could eliminate up to 800,000 jobs.
- President Trump has described the existing $7.25 rate as “very low” but has not endorsed the specific $15 increase.