The proposed bill seeks to amend the Living Wage Act of 2006, establishing new living wage rates for government contractors and recipients of government assistance. Effective January 1, 2025, the living wage will be set at $17.50 per hour, increasing to $17.95 per hour on July 1, 2025. The bill mandates that all contractors with agreements valued at $100,000 or more, as well as subcontractors receiving $15,000 or more, must pay their affiliated employees at least the current living wage. Additionally, recipients of government assistance of $100,000 or more and their subcontractors receiving $50,000 or more are also required to comply with this wage standard.

The bill also outlines specific exemptions from the living wage requirement, including contracts subject to higher federal wage determinations, existing collective bargaining agreements, and contracts for essential services related to public health or safety emergencies. It clarifies the definition of "affiliated employee" to include individuals directly compensated through government contracts or assistance, while excluding those performing only incidental services. Furthermore, the bill emphasizes the responsibilities of recipients and subcontractors to inform their employees about the living wage requirements and extends overtime protections to home care workers, ensuring compliance with recordkeeping provisions.