On June 6, 2012, Republican Jesse Jackson introduced the Catching Up to 1968 Act of 2012, a bill to raise the federal Fair Labor Standards Act (FLSA) minimum wage from $7.25 per hour to $10.00 per hour (beginning 60 days after enactment). The Bill also proposes that the federal government increase minimum wage each year based on inflation as measured by the federal Consumer Price Index (CPI). The bill would also increase the minimum wage for tipped employees to $5.50 an hour. Stay tuned for additional updates as they are released by the governing agencies.