Members of the Senate voted 94-3 Thursday for a bill that could increase the minimum wage and also includes provisions that could sharply restrict use of non-qualified deferred compensation plans.
The bill, H.R. 2, would increase the federal minimum wage to $7.25, from $5.15, over 2 years.
The only senators who voted against H.R. 2 were Sens. Thomas Coburn, R-Okla.; James DeMint, R-S.C.; and Jon Kyl, R-Ariz.
Members of the House voted 315-116 to pass their version of the bill Jan. 10.
What Your Peers Are Reading
House leaders have asked members of Congress to avoid expanding the bill with unrelated amendments.