That was a key part of Trump's proposed bill. IRRC, the proposal is to increase the minimum from $60k to $130k. Interestingly $60k in 1989 was worth what $117k is in 2017. In other words, given current inflation rates, it's very likely that the new minimum will be the 2020 or 2021 equivalent of the original minimum.
That would suck for low-end outsourcing body shops, be good for the giant SV tech companies and probably remain about equally sucky for young start-ups as it is now.