The proposed rule would also institute pay transparency measures that require contractors to disclose compensation ranges in job postings.
“Relying on a candidate salary history can exacerbate pre-existing inequality in our pay structures and disproportionately impact women and workers of color,” Shalanda Young, director of the Office of Management and Budget, told reporters.
The moves are part of an effort for federal employers to disclose expected salary ranges in job postings and reduce pay secrecy to help workers negotiate.
The Biden administration marked the 15-year anniversary of the
Lilly Ledbetter Fair Pay Act with the announcements. The law, signed during the Obama administration, expanded protections against pay discrimination.
The regulation for federal employees will be pushed Jan. 30 and go into effect 60 days later. The proposed rule for federal contractors will go into a public comment period for 60 days.
Welcome to The Hill’s
Business & Economy newsletter, we’re Aris Folley and Taylor Giorno — covering the intersection of Wall Street and Pennsylvania Avenue.
Sen. Tammy Baldwin (D-Wis.) is demanding the four largest manufacturers of inhalers stop improperly listing patents in a Food and Drug Administration (FDA) database, a practice that can delay lower-cost generics from coming to market.
President Biden’s reelection campaign thanked former President Trump on Monday for “lifting up” strong news on the economy, after Trump claimed credit for the record-high stock market.
Former President Trump, who has predicted economic doom if he’s not elected back to the White House, said Monday he should get credit for the stock market’s recent record highs, more than three years after he left office.
The University of Michigan will release its January survey of consumers on Tuesday at 10 a.m. ET.
The Federal Reserve will release its decision on interest rates on Wednesday at 2 p.m. The central bank is not expected to make cuts at this time, although it has left the door open to cuts in the coming months.
A MESSAGE FROM CONSUMER BRANDS ASSOCIATION
The ITC should reject harmful new tariffs on tin mill steel. Food and can companies depend on imports since the quality tin mill steel is not made in the US. The tariffs would hurt U.S. consumers and domestic manufacturing jobs. Learn more.
The killing of three U.S. troops in Jordan by a drone strike carried out by Iranian-backed militant groups has added kindling to what is already a volatile situation in the Middle East, increasing pressure on President Biden to send a message to leaders in Tehran. Read more
Senate Republican Leader Mitch McConnell (Ky.) has made supporting the war in Ukraine a signature policy priority, but his efforts have been complicated by fellow Republicans, including former President Trump, who are moving the goalposts on the issue. Read more
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