A bill to provide that if Congress enacts a phased-in increase in the Federal minimum wage as provided for in the Estate Tax and Extension of Tax Relief Act of 2006, the pay increase of Members of Congress will be phased-in over the same time frame.

Requires a phased-in calendar 2007 cost-of-living pay adjustment for Members of Congress if a law is enacted during calendar 2006 that provides for an increase in the federal minimum wage that takes effect on two or more dates in any calendar year.

Prohibits any regularly scheduled cost-of-living adjustments for Members of Congress during calendar 2008 and 2009. Declares that the calendar 2007 adjustment shall be phased in by thirds over the three-year period 2007-2009.