The U.S. House of Representatives voted on September 28 to delay the implementation of the Department of Labor’s controversial overtime rule for six months. If passed in the Senate, it would mean that the overtime rule would go into effect on June 1, 2017 rather than its original date, Dec. 1, 2016. The overtime rule, as we’ve previously reported, would mean that those making $476,000 or less annually would be eligible for overtime pay. Previously, the cut off for overtime pay was set at $23,600, set in 2001.
The National Home Builders Association is applauding the derailment actions taken in Congress. However, the NAHB is ultimately asking for a different measure all together. Back in May, the NAHB’s chairman, Ed Brady, issued a statement about the rule stating, “The sheer arrogance displayed by the Department of Labor in failing to heed the concerns of the nation’s small business community will result in severe repercussions that will harm workers, small businesses, housing affordability, job growth and the economy.”
NAHB with its partnership with organizations such as the Partnership to Protect Workplace Opportunity, is supportive of a similar measure introduced by Republican Sen. Lamar Alexander as a temporary measure to the overtime rule. the bill would gradually ramp up overtime snarly and estimate the three-year automatic update provision that the current overtime rule calls for.
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