I thank the chairman for yielding. Mr. Speaker, I rise today in support of the Regulatory Relief for Small Businesses, Schools, and Nonprofits Act. This legislation works to delay implementation of the Department of Labor's new overtime rule for 6 months. Without this legislation, the rule goes into effect on December 1, leaving employers scrambling to comply with the new rule and jeopardizing employees' paychecks right before the holiday season--a very bad time. As a small-business owner who has employed thousands of people, I know the challenges that the business community will face: moving salaried employees to hourly; trouble recruiting qualified, new hires to accept an hourly position; current employees' time being spent monitoring the time clock; and, ultimately, the potential for hours to be cut and paychecks to dwindle. This is devastating to employees who have worked hard to earn a salaried position. They have earned this position to be salaried, and then to move to hourly? Many Americans will soon realize they have fewer job prospects, less flexibility in the workplace, and less opportunity to move up the economic ladder. In other words, those who can least afford it will be hit the hardest: small businesses, nonprofits, and educational institutions.…
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