Summary: S.2538 — 107th Congress (2001-2002)All Information (Except Text)

There is one summary for S.2538. Bill summaries are authored by CRS.

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Introduced in Senate (05/23/2002)

Fair Minimum Wage Act of 2002 - Amends the Fair Labor Standards Act of 1938 to increase the Federal minimum wage to: (1) $5.75 an hour beginning 30 days after enactment of this Act; (2) $6.25 an hour during the year beginning on January 1, 2003; and (3) $6.65 an hour beginning January 1, 2004.

Makes Federal minimum wage requirements applicable to the Commonwealth of the Northern Mariana Islands. Sets forth a transition period during which a specified minimum wage there shall be gradually increased to equal the Federal minimum wage.