A Bill to Raise the Federal Minimum Wage to $15
Phases the federal minimum wage to $15 per hour over 4 years.
The federal minimum wage shall rise to $11 in year 1, $13 in year 2, and $15 in year 4 after enactment.
Beginning year 5, the minimum wage shall index to CPI.
No appropriation; private-sector cost.
Department of Labor wage and hour authority.
Mechanical parts, sourced & timed
Use this as your pre-round checklist. Memorize the source citation. Time yourself to the delivery target.
- Bill / Number
- H.R. 720 — A Bill to Raise the Federal Minimum Wage to $15
- Funding source
- Private-sector cost; no federal appropriation.
- Timeline
- 4-year phase-in.
- Realistic — Washington, California, NY already phased to $15+.
- Enforcing agency
- Department of Labor Wage and Hour Division.
- Yes — FLSA enforcement.
- Penalty for non-compliance
- Back wages + liquidated damages under FLSA §16.
- Source citation
- CBO (2021), 'The Budgetary Effects of the Raise the Wage Act of 2021' — cbo.gov.
- Delivery time (read aloud)
- 1:05 (65s)
CBO (2021) estimated 1.4M job losses from a $15 minimum.
CBO's same report projected 27M workers receiving raises and 900K lifted from poverty. The net welfare calculation favors raising it. And subsequent natural experiments (Seattle, NYC) showed CBO's job-loss estimates ran high by ~50%.