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Home Builders Association speaks out against amendment to Wage Payment and Collection Act

Created in 1968 by an amendment to Title III of the National Housing Act (12 USC 1716 et seq.), this federal government corporation is a constituent part of the Department of Housing and Urban Development. Among other governmental functions, it guarantees securities backed by mortgages that are insured or guaranteed by other government agencies.

The Payment of Wages Act, 1936 has been amended by Payment of Wages (Amendment) Act, 2017 (w.e.f.28.12.2016) as under: "6.All wages shall be paid in current coin or currency notes or by cheque or by crediting the wages in the bank account of the employee:

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Bill Ward, executive vice president of the Home Builders Association of Illinois House Bill 2838 would amend the state’s Wage Payment and Collection Act to the point of holding general contractors responsible for the wages of their subcontractors’ employees, even if the contractor has already satisfied all the financial terms of their original agreement.

President Pranab Mukherjee has given assent to Payment of Wages (Amendment) Ordinance, 2016, to enable industries to pay wages by cheque or credit into the bank accounts of workers. The ordinance amends the Payment of Wages Act, 1936 to encourage cashless transactions.

Twenty-seventh Amendment. No law, varying the compensation for the services of Senators and Representatives, shall take effect, until an election of Representatives shall have intervened. The Twenty-seventh Amendment places a control on Congress’s power to raise the wages of its own members.

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The Payment of Wages Act Amendment: Government Clarification. The proposal of Ministry of Labour and Employment to bring an amendment to Section 6 of the Act is an additional facility of crediting the wages in the bank account of the employees or payment through cheque along with the existing provisions of payment in current coin or currency notes.

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