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.  

Witnesses:

Mr. Kevin Settles
President and CEO
Bardenay Restaurants & Distilleries
Boise, ID
*Testifying on behalf of the National Restaurant Association
Testimony 
Disclosure

Mr. Ed Brady
President
Brady Homes Illinois
Bloomington, IL
*Testifying on behalf of the National Association of Home Builders
Testimony 
Disclosure

Ms. Terry Shea
Co-Owner
Wrapsody, Inc.
Bessemer, AL
*Testifying on behalf of the National Retail Federation
Testimony 
Disclosure

Mr. Ross Eisenbrey
Vice President
Economic Policy Institute
Washington, DC
Testimony 
Disclosure

Materials:

Notice
Witness list
Memo