The Obama administration is proposing a new rule to address unequal pay practices by requiring companies with more than 100 employees to submit salary data by race, gender and ethnicity.<br />The announcement comes seven years after President Obama signed the Lilly Ledbetter Fair Pay Act — his first piece of legislation as president — which makes it easier for women to challenge discriminatory pay in court.<br />But a stubborn, substantial pay gap between men and women persists, and it affects black and Latina women the most, Obama said Friday as he introduced the proposal.<br />"Social change never happens overnight," he said.<br />The proposed pay data reporting requirement would cover more than 63 million employees, according to the administration.<br />It's expected to be finalized by September, with the first reports due in the fall of 2017.
