The rule would have damaging effects on businesses, entrepreneurs, and workers and falls under multiple categories outlined in the Executive Order as undermining the national interest.
Quick Facts on DOL’s Final Rule
In April 2024, the Biden administration issued a new final rule altering the overtime regulations under the FLSA.
The rule increased the minimum salary threshold by nearly 65% and implemented automatic updates to the threshold every three years.
DOL gave employers only two months to come into compliance.
Federal courts have fortunately vacated the rule, but DOL has appealed to the 5th Circuit.
