Late last week, the U.S House of Representatives passed a bill that provides a 6-month delay to the DOL’s overtime rule implementation deadline, giving bakers additional time to implement the new regulation. Bakers, businesses, non-profits, governments and universities are all struggling to comply with the new overtime exemption threshold by Dec. 1, the deadline included in the forthcoming regulation. This bill moves the implementation date to June 1, 2017.
In September, ABA joined forces with multiple interests across the country to file suit against the DOL, challenging the underlying regulation as misguided and not taking into account the impact this new rule would have on business and employees.
While this bill is a step in the right direction, ABA will continue to work with Congress to pass bipartisan legislation that seeks to phase in the implementation period as well as improve the mechanism used to continually alter the exemption rate each year.