Regulatory Relief for Small Businesses, Schools, and Nonprofits Act

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Mr. THOMPSON of Pennsylvania. I thank the gentleman for yielding.

Mr. Speaker, I rise in strong support of H.R. 6094, the Regulatory Relief for Small Businesses, Schools, and Nonprofits Act introduced by my colleague, Mr. Walberg. As an original cosponsor of this measure, I am fully supportive of its goal--to put the brakes on the Department of Labor's final overtime rule and continue to shield workers, small businesses, nonprofits, and educational institutions from its potentially devastating effects.
Under the final rule from the Department of Labor, companies and organizations will be required to pay overtime to employees who make less than $47,476, more than double the current salary threshold. While there is little doubt that the current overtime rules are in need of modernization, the Department's drastic approach will do more harm than good, marginalizing economic growth, diminishing access to valuable services provided by nonprofits, and discouraging upward mobility in the workplace.

Mr. Speaker, in the midst of an economy that is still struggling, we simply cannot allow for the enactment of ill-advised policies that make it harder for hardworking Americans to make ends meet. For that reason, I am proud to support this measure, and I ask my colleagues to do the same.

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