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United States · Bill · HR

H.R. 620 (104th)

Income Equity Act of 1995

openUnited States· United States Congress· EN

Introduced

20 January 1995

Last action

Status

Sponsor introductory remarks on measure. (CR E478-479)

Sponsors

Subjects

Discovery layer

Source updated

23 March 2026

Summary

Income Equity Act of 1995 - Amends the Fair Labor Standards Act of 1938 to increase the minimum wage from $4.25 to $6.50 an hour. Amends the Internal Revenue Code to deny employers a deduction for payments of excessive compensation (more than 25 times the lowest compensation paid any other employee).

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Documents

3 official files

Introduced in House (text)

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