The $50,440 Overtime Question
Michael VanDervort
Helping employers create Extraordinary Workplaces | Labor Relations | Podcast Host | Content Creator
Overtime Rules Send to OMB
I've been in Washington DC for the past few days attending the SHRM Legislative and Employment Law Conference where they've been sharing some great information. Out of all the subjects we've been hearing about, the DOL Overtime rule changes has dominated the hallway discussions all week. So you can only imagine what the hallways sounded like at the Renaissance hotel when this SHRM tweet made the rounds.
BREAKING: DOL sends #overtime rule to OMB for review--our coverage, links to more info: https://t.co/zHk0bn5KPm #SHRMLeg @SHRM @SHRMATeam
— SHRM HR News (@SHRMHRNews) March 15, 2016
The Government Affairs team at SHRM shared in a briefing given on Sunday that there might be an earlier than planned release of the proposed regulations to OMB as part of a complicated political process related to rule-making that gets further complicated by the fact that is a presidential election year. Many in the business community are very concerned about this status, fearing that DOL has implemented the new rules without taking the time to properly analyze the impact of the rule on the economy, and especially on small business owners.
Members of Congress opposed to the new standard have indicated that they will attempt to utilize the Congressional Review Act to revoke the new DOL standard if and when it was issued. Assuming they can muster the votes to do so, and assuming they could override a veto, this would effectively prevent implementation of the proposed standard and force the entire process to start over again.