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What is The Lilly Ledbetter Act?

She was a speaker at the Democratic National Convention and was mentioned during the Presidential debate last night, so who is Lilly Ledbetter and why is her story important to women?
Lilly Ledbetter worked as an area manager at Goodyear plant in Gadsden, Alabama for nineteen years. As part of her contract, Ledbetter was forbidden to discuss the details of her pay with other employees. As she approached retirement in 1998, however, an anonymous tipster alerted her to an alarming fact: despite receiving a “Top Performer” award in 1996, she had been making far less than her male colleagues for the entirety of her employment at Goodyear.
Outraged, Ledbetter made a formal complaint against Goodyear with the Equal Opportunity Employment Commission. After the company tried to discipline her by assigning her to manual labor, Ledbetter filed a discrimination suit and was awarded approximately $3.3 million in damages (later reduced to $360,000 because of a law limiting a company's liability for damages.)
Goodyear, however, appealed and the case ended up in the the Supreme Court, which ruled 5-4 in favor of the tire-maker, saying that Ledbetter had missed the statute of limitations (then, only 180 days from her first unequal paycheck) to file a discrimination suit.
Although she never received any compensation for the discrimination she faced, Ledbetter fought to pass legislation ensuring that other women would not have to deal with the same inequities she had.
In 2009, President Barack Obama made the Lilly Ledbetter Fair Pay Act the first piece of official legislation that he signed upon taking office. The bill revises previous legislation so employees can sue up to 180 days after receiving any discriminatory paycheck.
Watch Lilly's story.