FIGHTING FOR YOUR BUSINESS!
Exciting News for Small Business:
The JOBS Act 3.0 was passed in The House yesterday with a near unanimous 406-4 vote. The bill was originally introduced by PA Senator Pat Toomey (R) and unanimously passed the Senate in September of 2017. All PA lawmakers supported the act with the exception of Ryan Costello (PA-6th) and Bill Shuster (PA-9th) who did not participate in voting. The JOBS Act 3.0 is a collection of 32 individual pieces of legislation that will help small businesses, entrepreneurs and investors by reforming our capital markets. This will make it easier for startup companies to go public, attract investments to grow the company and to create more jobs and ease security regulations to increase investments.
A fair Overtime Mandate:
The debate at the federal level over what salary amount constitutes overtime pay under the Fair Labor Standards Act (FLSA) has been determined.
Last week, the U.S. Department of Labor announced that employers are now required to pay overtime wages to employees who work more than 40 hours a week if their salary is $35,568 or lower.
Since 2004, that threshold was at $23,660. The final rule will be in effect on January 1, 2020.
The Chamber submitted formal comments to the U.S. Department of Labor in support of a fair increase. To read the Chamber’s comments please click: