Press Releases

WASHINGTON - House Small Business Committee Chairman Steve Chabot (R-OH) hailed House passage of a bipartisan measure to delay the Obama administration’s new overtime rule for six months. This additional time will enable small businesses and other small employers to plan for and fight back against these costly, burdensome new rules. H.R. 6094, the Regulatory Relief for Small Businesses, Schools, and Nonprofits Act, passed the House by a vote of 246 to 177 and now moves to the U.S. Senate for consideration.

“Over the past year, the Committee on Small Business has heard from countless small businesses that shared their concerns about the overtime rule,” said Chairman Chabot (R-OH). “Small businesses give their employees flexible schedules, pay increases when they can afford it, and career advancement opportunities because employees are key to their success.  This rule will limit the ability of small businesses to provide these benefits, which will have a devastating impact on employee morale.  Our Committee Members, and other officials including the Chief Counsel for Advocacy at the Small Business Administration, joined small businesses in urging the Department of Labor to change course.”

Background:

• Chairman Chabot discussed the damage that will be done to America’s 28 million small businesses and efforts to delay the overtime rule on MSNBC this weekend on “Your Business.”

• Chabot and Committee Republicans have vigorously opposed the DOL overtime rule throughout the 114^th Congress.

• The Committee has held numerous hearings and roundtables and sent multiple letters explaining to the administration the damage that will be done to small businesses and other small employers as a result of the rule.

• Today’s legislation passed as House Republicans are offering a policy agenda to reduce the regulatory burden on small businesses as part of A Better Way to Grow our Economy.