Fair Pay Act of 2023

The Fair Pay Act of 2023 prohibits wage discrimination based on sex, race, or national origin for "equivalent jobs" - defined as jobs requiring similar skills, effort, responsibility, and working conditions. Employers must justify pay differences based on legitimate business factors like experience or education, not demographics, and must maintain detailed wage records. The bill requires employers to submit annual reports to the Equal Employment Opportunity Commission showing pay by job classification and demographic factors. It also increases penalties for violations, including allowing class action lawsuits and additional compensatory or punitive damages.