H.R. 9571: Living Wage for Federal Contractors Act
H.R. 9571 status: Referred.
What this bill does
Overall score
Bill summary
AI SummaryThe bill mandates a significant federal minimum wage floor for all contractors, impacting a massive portion of the U.S. economy and federal procurement spending.
Key analysis
Impact analysis
Environment
Benefits
- No direct impact on environmental policy.
Risks
- No direct impact on environmental policy.
Economy
Benefits
- Increases disposable income for low-wage workers.
- Potential reduction in federal reliance on social safety net programs.
Risks
- Increased costs for federal agencies and taxpayers.
- Potential for contractors to exit federal market due to margin compression.
Society
Benefits
- Establishes a standardized living wage floor for federal employees.
- Significant benefit to workers currently below the $25/hour target.
Risks
- Potential labor disruption if small contractors struggle to meet sudden wage mandates.
How trustworthy & consequential it is
Confidence
highhigh
Information is complete and verified.
Analysis status
Full bill text (Congress.gov)
Source used for this bill's analysis.
Implementation could place significant administrative burdens on small business subcontractors.
Full economic impact depends on the elasticity of labor supply for federal contractors.
Where it stands
Introduced
CompleteCommittee
CurrentReferred
Floor
UpcomingEnacted
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