1. Short title This Act may be cited as the Fight for a Modern Minimum Wage Act . 2. Amendments to the Fair Labor Standards Act of 1938 (a) Minimum wage rate Section 6(a)(1) of the Fair Labor Standards Act of 1938 ( 29 U.S.C. 206(a)(1) ) is amended to read as follows: (1) except as otherwise provided in this section, not less than— (A) $8.50 an hour, beginning on January 1, 2020; and (B) beginning on the date that is 5 years after the date under subparagraph (A), and quinquennially thereafter, the amount determined by the Secretary under subsection (h); . (b) Wage rate adjustment and regional minimum wage Section 6 of the Fair Labor Standards Act of 1938 ( 29 U.S.C. 206 ) is amended by adding at the end the following: (h) (1) Not later than 1 year before a new minimum wage rate determined under subsection (a)(1)(B) is to take effect, the Secretary shall determine the minimum wage rate to be in effect pursuant to this subsection for the subsequent 5-year period. The minimum wage rate determined pursuant to this subsection for a year shall be— (A) not less than the amount in effect under subsection (a)(1) on the date of such determination; (B) increased from such amount by the annual percentage increase in the Consumer Price Index Research Series Using Current Methods, or its successor publication, as determined by the Bureau of Labor Statistics