# A new bill would gradually raise the federal minimum wage to $25 hourly.

*business · news · 2026-05-03 · The Sun U.S Edition*

## Key points

- New federal legislation proposes raising the minimum wage to $25 per hour by 2031 for large employers.
- Small businesses would have until 2038 to reach the $25 minimum wage under the proposal.
- After achieving $25, the minimum wage would be tied to two-thirds of the national median wage.
- The bill would eliminate subminimum wages and applies where states lack their own minimum wage.
- Home Depot and other large firms would be directly impacted by these phased federal increases.

**Companies:** THE Home Depot
**Countries:** United States

[Read the full story on The Sun U.S Edition](https://www.the-sun.com/money/16293773/home-depot-stores-new-federal-minimum-wage-bill/)

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