View supporting documentation for performance indicators.
View supporting documentation for performance indicators.
Court Enjoins Implementation of Overtime Regulation
On May 23, 2016, the Department of Labor’s Wage and Hour Division published a final rule in the Federal Register that updated the Overtime Regulations under the Fair Labor Standards Act (FLSA), specifically the exemptions for executive, administrative and professional employees. The final rule implemented a 2014 Presidential Memorandum directing the Department to update and modernize these regulations.
WASHINGTON - House Small Business Committee Chairman Steve Chabot (R-OH) made the following statement after a federal judge enjoined President Obama’s controversial executive order imposing costly new rules on how employers pay overtime to their workers. The nationwide preliminary injuction delays the December 1st implementation deadline, giving small employers more time to plan for and fight back against the burdensome new mandate.
“Judge Mazzant’s injunction is a victory for America’s 28 million small businesses. As they look towards Small Business Saturday this weekend, small employers and their employees can breathe just a little bit easier knowing they have been given a reprieve from the pain caused by this disastrous new rule. For over a year, our Committee has been warning that the overtime rule was an unlawful overreach that would lead to job losses, demotions, less flexibility, lower wages, and reduced benefits for millions of workers. Our Committee looks forward to working with the new administration to give regulatory relief to small businesses and get the government off their backs so they can focus on creating jobs. “
- Last month, Chairman Chabot led a House resolution recognizing this Saturday, November 26th, as Small Business Saturday.
- Chabot and Committee Republicans have led the opposition to the DOL overtime rule throughout the 114thCongress.
- The Committee has held numerous hearings and roundtables and sent multiple letters documenting the damage that will be done to small businesses and other small employers as a result of the rule.
- Chairman Chabot served as co-chairman of a special House Task Force on Reducing Regulatory Burdens which developed the House Republican policy agenda called A Better Way to Grow our Economy.
- Chairman Chabot and House Republicans cited the overtime rule as an example of overregulation at a June press conference in front of the Department of Labor headquarters unveiling the #BetterWay agenda.
Mayor Brown, GSA Regional Administrator Pease, Congressman Higgins Mark the Official Transfer of the Michael J. Dillon Federal Courthouse to the City of Buffalo with a Deed-Signing Ceremony
WASHINGTON - House Small Business Committee Chairman Steve Chabot (R-OH) has demanded regular updates from Wells Fargo after the company admitted that thousands of accounts owned by small businesses were harmed by the improper sales practices of Wells Fargo employees.
Chairman Chabot’s letter is a follow-up to official inquiries the Committee made last month to both Wells Fargo and the Small Business Administration (SBA) to determine the scandal’s impact on any Wells Fargo accounts associated with small businesses.
“In Wells Fargo’s response to my letter, it admitted that thousands of the deposit and credit card accounts that were harmed by the improper sales practices of Wells Fargo employees were accounts owned by small businesses.” Chairman Chabot wrote in his letter to Wells Fargo.
“The response also indicated that Wells Fargo plans to work with a third party to review all accounts dating back to 2009 in order to identify those that may have been affected,” Chabot added. “I believe that a more in-depth review is important to ensure that any individual or small business that may have been harmed is made whole. Because Wells Fargo will be implementing this additional review, it is possible that the information that you provided in response to my letter will change. Accordingly, I request that Wells Fargo provide the Committee with updates throughout its review and keep the Committee informed.”
You can view Chairman Chabot’s full letter HERE.
In their response to Chairman Chabot’s initial request for information, the SBA informed the Committee of the following:
WASHINGTON - House Small Business Committee Chairman Steve Chabot (R-OH) today praised House passage of H.R. 5982, the Midnight Rules Relief Act, bipartisan legislation to give Congress the power to stop, with one vote, all last minute regulations issued by the Obama administration.
"Over the last eight years, the Obama administration has gone on a regulatory rampage," Chairman Chabot said in his speech on the House floor. "For each year, the administration’s major rules have cost over $100 billion annually. A disproportionate share of those enormous costs have fallen on America’s 28 million small businesses."
"This common-sense, bipartisan legislation will give Congress the power to stop all midnight rules with one vote. Next weekend, we will celebrate Small Business Saturday – an opportunity to celebrate small businesses and recognize they are the key to making our economy succeed. Midnight regulations are an imminent threat to their success," Chabot concluded.
BACKGROUND: Earlier this week, Chairman Chabot, House Majority Leader Kevin McCarthy and other House Committee Chairmen sent a letter to the heads of all Cabinet departments and federal agencies warning them against moving forward with Midnight Regulations.
Who’s on Your Panel?: The Answer Increasingly Determines Software-Patent Decisions at the Federal Circuit
Chairman Thune, thank you for holding this hearing to explore the exciting promises of augmented reality technologies and to spur important discussions on the many policy questions that augmented reality raises.
Over the August recess, I took a tour of Magic Leap’s facility in Dania Beach, Florida. Magic Leap, which will be headquartered in Plantation, is one of the leading, cutting-edge AR companies in the world. And what I saw was truly amazing – not only because this technology will change how we interact with the world, but also because of what it means for growing Florida’s economy and creating well-paying, high-skilled jobs.
And, if I may, Chairman Thune, I’d like to submit for the record a recent piece in Wired Magazine on Magic Leap.
Yes, augmented reality can be used for video games. But it can also be used to educate or do business like never before, spurring efficiency and convenience. And the technology has the potential to break down barriers for those with disabilities and create a safer world for consumers.
One of the big questions is: what does augmented reality mean for consumer privacy? AR devices can potentially record, download, and store vast amounts of information about the real world, including about innocent bystanders who may have no clue they are being recorded. What are we going to do to protect their privacy?
And what must be done to make sure that these devices are secure from hackers and cyber-vulnerabilities? For instance, augmented reality is being used in cars so drivers can get real-time information on their windshields. Will hackers be able to infiltrate that system and, say, block the driver’s view of a stop sign or a pedestrian crossing the street?
How will we protect children from unsuitable augmented reality content? Parents are already struggling to shield their kids from adult-oriented and dangerous videos and video games. This could be an even bigger problem for parents when it comes to sophisticated AR content that may be completely inappropriate for young eyes and brains.
These are the types of questions I hope our witnesses can shed some light on. I share my colleagues’ enthusiasm about this exciting, ground-breaking technology. And I’m a believer in what this growing industry can do for states like mine in creating the jobs of tomorrow. But we also must ask some of the tough questions to make sure that innovation is taking place in a responsible manner.