Newsroom
May 06, 2016
NAFCU monitors hearings on overtime, more
NAFCU staff will be on Capitol Hill this week monitoring hearings on overtime, postal reform and more as Congress goes back into session.
Wednesday, the Senate Committee on Small Business and Entrepreneurship will hold a hearing on the Labor Department's proposed rule over on overtime pay. The Labor Department's proposal, issued last summer, would allow certain full-time, salaried workers making less than $50,440 annually to be eligible for overtime.
NAFCU supports fair overtime rules, but has raised concerns about some of the proposed changes' impact on credit unions. Witnesses at Wednesday's hearing will include representatives from Littler Mendelson, P.C., Jobs With Justice, the Besh Restaurant Group, the Economic Policy Institute and Operation Smile.
Also on Wednesday, the House Oversight Committee will hold a hearing examining possible reforms to the U.S. Postal Service.
NAFCU will continue to monitor the progress of the fiscal year 2017 National Defense Authorization Act. The Senate Armed Services Committee is scheduled to mark up their version of the legislation this week, while the House Armed Services Committee marked up and favorably reported their version at the end of April with a bipartisan vote of 60-2. The House Rules Committee is expected to hold their mark-up next week, after which the bill will go to the House floor for further consideration.
Also this week, NAFCU will kick off its Board of Directors and Supervisory Committee Conference in San Francisco.
Wednesday, the Senate Committee on Small Business and Entrepreneurship will hold a hearing on the Labor Department's proposed rule over on overtime pay. The Labor Department's proposal, issued last summer, would allow certain full-time, salaried workers making less than $50,440 annually to be eligible for overtime.
NAFCU supports fair overtime rules, but has raised concerns about some of the proposed changes' impact on credit unions. Witnesses at Wednesday's hearing will include representatives from Littler Mendelson, P.C., Jobs With Justice, the Besh Restaurant Group, the Economic Policy Institute and Operation Smile.
Also on Wednesday, the House Oversight Committee will hold a hearing examining possible reforms to the U.S. Postal Service.
NAFCU will continue to monitor the progress of the fiscal year 2017 National Defense Authorization Act. The Senate Armed Services Committee is scheduled to mark up their version of the legislation this week, while the House Armed Services Committee marked up and favorably reported their version at the end of April with a bipartisan vote of 60-2. The House Rules Committee is expected to hold their mark-up next week, after which the bill will go to the House floor for further consideration.
Also this week, NAFCU will kick off its Board of Directors and Supervisory Committee Conference in San Francisco.
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