Political Quotes

“Mr. President, I ask unanimous consent that the text of the bill be printed in the Record. There being no objection, the text of the bill was ordered to be printed in the Record, as follows: S. 2486 Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Restoring Overtime Pay for Working Americans Act''. SEC. 2. SALARY THRESHOLDS, HIGHLY COMPENSATED EMPLOYEES, AND PRIMARY DUTIES. (a) Salary Thresholds for Executive, Administrative, and Professional Employees.--Section 13 of the Fair Labor Standards Act of 1938 (29 U.S.C. 213) is amended-- (1) in subsection (a)(1), by inserting before ``; or'' the following: ``, subject to the requirement that any employee whom the Secretary determines is required to be paid on a salary (or equivalent fee basis) in order to be exempt under this subsection shall, in order to be so exempt, receive compensation at a rate of not less than the salary rate (or equivalent fee basis) determined under subsection (k)''; and (2) by adding at the end the following: ``(k) Salary Rate (or Equivalent Fee Basis).-- ``(1) In general.--The salary rate (or equivalent fee basis) determined under this subsection for purposes of subsection (a)(1) shall be-- ``(A) beginning 1 year after the first day of the first month that begins after the date of enactment of the Restoring Overtime Pay for Working Americans Act, $665 per week; ``(B) beginning 2 years aft…”