The Lilly Ledbetter Fair Pay Act (S. 181) was introduced by Sen. Barbara Mikulski, passed the House and Senate on nearly party-line votes, and signed into law by President Barack Obama on 1/29/09.

President Obama touts this Act as an achievement for women, but are women the real winners?

Check out the IWF Fact Sheet on the Lilly Ledbetter Fair Pay Act and find out the answer to the following questions:

Who is Lilly Ledbetter?

What does the Lilly Ledbetter Act do?

What are the consequences of this legislation?

It's all on this one-page PDF.