A lot of small businesses were relieved after Congress passed the H.R. 6094, the Regulatory Relief for Small Businesses, Schools, and Nonprofits Act. The legislation provides a six month delay that could help an estimated 733,000 businesses throughout the country that provide employment to over seven million workers. The new overtime laws were previously scheduled to go into effect on Dec 1, 2016.
Robert Cresanti, President of the IFA, stated that, “A six-month delay in implementation is the least Congress can do to ensure compliance with such massive change imposed by the Labor Department on small business owners and their employees.“ The new law requires employers to either raise their employee salaries to make them exempt from overtime threshold, or pay the mandated time-and-a-half to those employees who are eligible it.