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New DOL Overtime Regulations Move Forward

Client Alert | 1 min read | 05.06.15

The Department of Labor's long-awaited changes to the FLSA's overtime regulations are one-step closer to reality. In a May 5 blog post, Labor Secretary Tom Perez announced that DOL had transmitted its proposed regulations to the Office of Management and Budget for review. This review is expected to take a month or two (maybe more), after which they will be published in the Federal Register for a period of notice and comment. During OMB's review – and until their publication in the Federal Register – the DOL's proposed regulations are not available for public review.

DOL’s proposed regulations have been the subject of extensive speculation and frequent delays since March 2014, when President Obama first directed DOL to "modernize and streamline" the existing FLSA overtime regulations. While the proposed regulations were expected last November, then again in February, this week's activity represents the first news on this front in many weeks. We will report any further news as soon as it is available.

In the meantime, speculation as to the content of the proposed regulations is sure to continue and, as we have previously reported, employers should prepare for seismic changes in the wage-hour area. These changes include a virtually-certain increase in the salary threshold (currently $455 per week) under which employees are automatically entitled to overtime, as well as stricter requirements regarding employees' day-to-day duties to warrant exemption from the overtime laws. These regulations will impact every employer in every industry, but they are expected to hit hardest in the retail and hospitality industries.

Insights

Client Alert | 6 min read | 03.26.24

California Office of Health Care Affordability Notice Requirement for Material Change Transactions Closing on or After April 1, 2024

Starting next week, on April 1st, health care entities in California closing “material change transactions” will be required to notify California’s new Office of Health Care Affordability (“OHCA”) and potentially undergo an extensive review process prior to closing. The new review process will impact a broad range of providers, payers, delivery systems, and pharmacy benefit managers with either a current California footprint or a plan to expand into the California market. While health care service plans in California are already subject to an extensive transaction approval process by the Department of Managed Health Care, other health care entities in California have not been required to file notices of transactions historically, and so the notice requirement will have a significant impact on how health care entities need to structure and close deals in California, and the timing on which closing is permitted to occur....