US HB1981 | 2015-2016 | 114th Congress

Status

Sponsorship: Partisan Bill (Republican 11)
Status: Introduced on April 23 2015 - 25% progression, died in committee
Action: 2015-11-16 - Referred to the Subcommittee on Workforce Protections.
Pending: House Subcommittee on Workforce Protections Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Employee Bonus Protection Act This bill amends the Fair Labor Standards Act of 1938 to exclude from the regular rate at which an employee is employed (and at which overtime compensation is calculated) any sums paid in recognition of services performed during a given period if the payments are made to reward an employee or group of employees for meeting or exceeding the productivity, quality, efficiency, or sales goals specified in writing in a gainsharing plan, incentive bonus plan, commission plan, or performance contingent bonus plan and made available to the employees. The amount of the payments made under the plan (and excluded from calculation of overtime compensation) must be: based upon a formula stated in the plan, and established and maintained in good faith for the purpose of distributing to employees additional remuneration over and above the wages and salaries that are not dependent upon the existence of the plan or payments made pursuant to it.

Tracking Information

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Title

Employee Bonus Protection Act

Sponsors


History

DateChamberAction
2015-11-16HouseReferred to the Subcommittee on Workforce Protections.
2015-04-23HouseReferred to the House Committee on Education and the Workforce.
2015-04-23HouseIntroduced in House

Subjects


US Congress State Sources


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