In response to the new Department of Labor (DOL) overtime rule set to take effect December 1, Congressman Kurt Schrader (D-OR) introduced legislation, titled the Overtime Reform and Enhancement Act (OREA), which would incrementally phase in the new salary threshold over the next three years. The three-year window is designed to give businesses adequate time to adjust to the new standard. The bill would also eliminate a provision in the final overtime rule that allows for automatic updates to the salary threshold every three years. Read more about the legislation on Congressman Schrader’s website.
NAB Executive Vice President of Communications Dennis Wharton issued the following statement: “NAB appreciates Rep. Schrader’s efforts to ease the burden of the Department of Labor’s overtime pay rule by phasing it in over three years. Broadcasters are committed to creating well-paying jobs in their local communities but share the widespread concern that the overtime rule could have a devastating impact on our day-to-day operations. We will continue to work with Members of Congress on common-sense approach to this issue that benefits all stakeholders.”