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The GOP lawmakers also proposed increasing restrictions to prevent hiring of undocumented workers.
Calls to boost the minimum wage have been circulating on Capitol Hill since Biden became president.
Republican Sens. Mitt Romney of Utah and Tom Cotton of Arkansas on Tuesday announced a proposal aimed at boosting the federal minimum wage coupled with preventing businesses from hiring undocumented workers.
The two GOP lawmakers said they'll be introducing a bill that "gradually raises the minimum wage" and "requires employers to verify the legal status of workers."
"Congress hasn't raised the minimum wage in more than a decade, leaving many Americans behind," Romney said Tuesday. "I'm introducing a bill with @SenTomCotton that would increase the minimum wage while ensuring businesses cannot hire illegal immigrants."