President Obama presents a copy of the Lilly Ledbetter Fair Pay Act of 2009 and a copy of the remarks he made during the signing ceremony, at the Women's Rights National Historical Park Visitors Center in Seneca Falls, N.Y., on Aug. 22, 2013. (Jewel Samad/AFP/Getty Images

President Obama on Friday will propose a new federal rule to collect salary data from companies with more than 100 employees in an effort to help close the gap between salaries of men and women.
The initiative from the Equal Employment Opportunity Commission would require companies to submit data for employees by gender, race and ethnicity, the White House said. It would cover 63 million employees and aims to "help focus public enforcement of our equal pay laws and provide better insight into discriminatory pay practices across industries and occupations."
The president will detail the step in remarks at the White House to mark the seventh anniversary of the signing of the Lilly Ledbetter Fair Pay Act. Aides said Obama also will renew his call for Congress to take additional legislative steps to ensure equal pay.
The White House announced it will hold a summit on “The United State of Women” on May 23 with the Department of State, the Department of Labor, the Aspen Institute and Civic Nation.