At 9:30 am EST on Wednesday, May 11, 2016, Sen. David Vitter (R-La.), Chairman of the Senate Committee on Small Business and Entrepreneurship (SBC), will hold a hearing entitled, “An Examination of the Administration’s Overtime Rule and the Rising Costs of Doing Business.”
In the hearing, Members will examine the Department of Labor’s (DOL) proposed overtime pay rule and the subsequent impact on small businesses. Numerous stakeholders have voiced concerns that the rule will limit workplace opportunity and flexibility for both workers and employers. DOL’s proposed rule would substantially increase the number of workers who qualify for overtime pay in a one-size-fits-all proposal that would more than double the threshold for overtime pay from $23,660 to $50,440. In September 2015, Vitter sent a letter to DOL Secretary Tom Perez, urging Perez to extend the public comment period for the proposed rule. To date, the Obama Administration is moving forward with the proposed rule despite objections from Congress, non-profits, and small businesses. This hearing had been previously scheduled for April 21, 2016 and will begin at 9:30am on Wednesday, May 11, 2016.
The hearing will be streamed live here.