The Consequences of DOL’s One-Size-Fits-All Overtime Rule for Small Businesses and their Employees
Subcommittee on Investigations, Oversight and Regulations
The Subcommittee on Investigations, Oversight and Regulations will meet for a hearing titled, “The Consequences of DOL’s One-Size-Fits-All Overtime Rule for Small Businesses and their Employees.” The hearing is scheduled to begin at 10:00 A.M. on Thursday, October 8, 2015 in Room 2360 of the Rayburn House Office Building.On July 6, 2015, the Department of Labor issued a proposed rule to revise and update the existing Fair Labor Standards Act regulations that implement the exemption from overtime pay for executive, administrative, professional, outside sales or computer employees. The Regulatory Flexibility Act requires agencies to conduct outreach to and examine the economic impacts of proposed rules on small businesses. This hearing will examine the Department of Labor’s assessment of the impacts and the potential effects of this proposed rule on small firms and their employees.
Subcommittee Chairmam Cresent Hardy opening statement.
Mr. Kevin Settles
President and CEO
Bardenay Restaurants & Distilleries
*Testifying on behalf of the National Restaurant Association
Mr. Ed Brady
Brady Homes Illinois
*Testifying on behalf of the National Association of Home Builders
Ms. Terry Shea
*Testifying on behalf of the National Retail Federation