James Boland, Taylor Hillman, and Spencer Williams published “Recent Congressional, Executive, and Legal Developments for Government Contractors to Consider” in the July issue of Government Contracting Law Report. The following is an excerpt:
President Biden has signed an “Executive Order on Increasing the Minimum Wage for Federal Contractors.” This long-awaited order increases the minimum wage for certain federal contractors and subcontractors, such as those subject to the Service Contract Labor Standards, to $15.00 per hour, effective January 30, 2022. The order further provides that the minimum wage will increase annually by an amount determined by the Secretary of Labor. To implement the order, the Secretary of Labor is directed to issue regulations by November 24, 2021, followed by implementing regulations by the Federal Acquisition Regulatory Council.