Short title

This Act may be cited as the

Fair Minimum Wage Act of 2007

Minimum wage

(a)

In general

Section 6(a)(1) of the Fair Labor Standards Act of 1938 (29 U.S.C. 206(a)(1)) is amended to read as follows:

(1)except as otherwise provided in this section, not less than— (A)$5.85 an hour, beginning on the 60th day after the date of enactment of the Fair Minimum Wage Act of 2007; (B)$6.55 an hour, beginning 12 months after that 60th day; and (C)$7.25 an hour, beginning 24 months after that 60th day;

(b)

Effective date

The amendment made by subsection (a) shall take effect 60 days after the date of enactment of this Act.

Applicability of minimum wage to the commonwealth of the northern mariana islands

(a)

In general

Section 6 of the Fair Labor Standards Act of 1938 (29 U.S.C. 206) shall apply to the Commonwealth of the Northern Mariana Islands. (b)

Transition

Notwithstanding subsection (a), the minimum wage applicable to the Commonwealth of the Northern Mariana Islands under section 6(a)(1) of the Fair Labor Standards Act of 1938 (29 U.S.C. 206(a)(1)) shall be— (1)$3.55 an hour, beginning on the 60th day after the date of enactment of this Act; and (2)increased by $0.50 an hour (or such lesser amount as may be necessary to equal the minimum wage under section 6(a)(1) of such Act), beginning 6 months after the date of enactment of this Act and every 6 months thereafter until the minimum wage applicable to the Commonwealth of the Northern Mariana Islands under this subsection is equal to the minimum wage set forth in such section.