Delay the DOL Overtime Rule

Yesterday I spoke on the floor of the U.S. House of Representatives about the Department of Labor's (DOL) overtime rule. President Obama ordered that the DOL increase the salary level to receive overtime pay from $23,660 to $47,476 annually. The rule is scheduled to take effect on Dec.1, 2016.

During my speech, I highlighted that many employers, especially small business owners, will be forced to demote employees to hourly pay, costing employees workplace flexibility like working remotely, or potentially let go of employees to minimize the impact of the rule on their businesses. Additionally, manufacturers, local governments and universities have voiced concerns about the DOL rule.

Manufacturers could potentially be the most affected industry in the Sixth District with the Center for Manufacturing Research predicting that the DOL rule will cost manufacturers $24 billion in compliance and 25 millions hours of paperwork over the course of the next ten years.

But Congress is working to make sure businesses and organizations affected by this rule are prepared.

Last night, the House passed the Regulatory Relief for Small Businesses, Schools and Nonprofits Act to delay the rule’s start date by six months. This will give organizations and businesses additional time to plan for payroll changes and make the necessary adjustments so that they can keep their doors open after the rule is implemented.

Watch my full remarks here.