1. Short title This Act may be cited as the Economic Mobility for Productive Livelihoods and Expanding Opportunity Act of 2017 or the EMPLEO Act . 2. Federal minimum wage requirement for eligible Puerto Rico employees Section 6(a) of the Fair Labor Standards Act of 1938 ( 29 U.S.C. 206(a) ) is amended— (1) by redesignating paragraphs (2) through (4) as paragraphs (3) through (5), respectively; and (2) by inserting after paragraph (1) the following: (2) if such employee is an eligible Puerto Rico employee, as defined in section 6433(c) of the Internal Revenue Code of 1986, who receives a qualified wage subsidy payment under section 6433 of such Code from a participating employer, $5.00 an hour (as determined without regard to the qualified wage subsidy payment)