The Daily Caller reports on CEI's labor congressional briefing which discussed the impact of new overtime rules.
The president signed a memo in March 2014 compelling the DOL to increase the exemption threshold. The department released its proposed rule change June 30 but provided businesses and lawmakers only 60 days to comment. National Restaurant Association Vice President of Labor Angelo Amador warned that forcing the rule through makes the problems even worse.
“It also turns the definition of overtime on its head,” Amador said Tuesday at a congressional hearing. “They were given only sixty days to comment. Even the government, the Small Business Administration, asked for more time to review the proposed regulation and do economic studies on its impact and the Department of Labor said, you know, we’re not going to give you more time.”
The Competitive Enterprise Institute (CEI) hosted the hearing to warn lawmakers of how the rule could impact businesses. CEI has also released numerous studies examining its potential impact. It has also worked with business groups to organize congressional hearings on workplace regularity changes.
Read the full article at the Daily Caller.