To place the Federal minimum wage on a durable path toward a living wage aligned with the national median wage, to require large, highly profitable corporations to lead the transition, to end all subminimum wages, and for other purposes.

The bill titled H.R. 8555 in the 119th Congress, introduced on April 28, 2026, aims to establish a sustainable path for the Federal minimum wage to reach a level in line with the national median wage, transitioning towards a living wage. It specifically targets large, highly profitable corporations to spearhead this wage adjustment process, while also seeking to eliminate all subminimum wage rates.