Today the White House issued a Statement of Administrative Policy (SAP) regarding President Obama’s intent to veto HR 6094, the Regulatory Relief for Small Businesses, Schools, and Nonprofits Act, should the measure be presented to him. HR 6094 would delay implementation of the Department of Labor’s new overtime rules until June 1, 2017, and may go to the House floor for a vote this week. While the title of the bill suggests the delay would impact a small segment of employers, the bill would delay the entirety of the overtime rule.
As a refresher, the new DOL overtime rule increases the threshold under which most salaried employees are eligible for overtime from $23,660 to $47,476 per year. The Administration’s SAP can be viewed here.