Watch live at 12:00pm ET: President Obama speaks

Watch live at 12:00pm ET: President Obama speaks on the 7th Anniversary of the Signing of the Lilly Ledbetter Fair Pay Act

Today, the government is taking a big step toward building a better world where every woman is paid the same as her male counterpart. Under the Equal Employment Opportunity Commission's proposal, many businesses would be required to report their pay data by gender and race so that we can know when and how wage discrimination is happening.

Watch live at the White House today at 12:10 p.m. ET to hear President Obama talk about new steps the administration is taking to promote equal pay. The Equal Employment Opportunity Commission (EEOC), in partnership with the Department of Labor, is publishing a proposal to annually collect summary pay data by gender, race, and ethnicity from businesses with 100 or more employees. The proposal would cover over 63 million employees. This step – stemming from a recommendation of the President’s Equal Pay Task Force and a Presidential Memorandum issued in April 2014 – will help focus public enforcement of our equal pay laws and provide better insight into discriminatory pay practices across industries and occupations. It expands on and replaces an earlier plan by the Department of Labor to collect similar information from federal contractors.

Marc Benioff
Chairman and CEO, Salesforce