Pay Equity and Transparency in Federal Contracting

Key Points

• 1Federal contractors would be required to report employee salary data broken down by gender, race, and job type to prove they're paying people equally
• 2Companies bidding for federal contracts would need to show they don't have significant unexplained pay gaps between male and female workers doing similar jobs
• 3The rule applies to large federal contractors, affecting hundreds of thousands of workers whose employers receive government contracts
• 4Companies that fail to meet pay equity standards could lose federal contracts or face penalties
• 5This increases public accountability and gives workers more information about whether their employer is paying fairly compared to others

Impact Assessment

Key Dates