DOL Opens 15-Day Public Commentary Period on 18-Month Delay of Fiduciary Rule

The Department of Labor (DOL) has wasted no time in promulgating a Notice of Proposed Rulemaking (NPRM) on its 18-month delay in enforcement of the Obama-era fiduciary rule that took effect June 9. The NPRM was published Aug. 31. The publication opened a 15-day public commentary period. The delay will take enforcement of the fiduciary […]

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OMB Approves DOL Request to Publish 18-Month Delay of Fiduciary Rule

The Office of Management and Budget (OMB) this week approved a request by the Department of Labor (DOL) to publish a rule delaying implementation of the enforcement phase of its fiduciary rule for 18 months, from Jan. 1, 2017, to July 1, 2018. Once the DOL publishes the rule, a public commentary period will commence, […]

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5th Circuit to Hear Overtime Rule Appeal Arguments on Oct. 3

The 5th U.S. Circuit Court of Appeals has set Tuesday morning, Oct. 3, as the time for oral arguments on the Obama-era overtime rule that was blocked by a federal judge days before it was to take effect this past December. That rule would’ve doubled the salary threshold for exemption from overtime pay from $455 […]

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DOL Seeks 18-Month Extension of Fiduciary Rule

Enforcement of its Conflict of Interest Fiduciary Rule was set to begin on Jan. 1, 2018, but the Department of Labor (DOL) yesterday submitted a proposal to the Office of Management and Budget (OMB) seeking amendments to three of the rule’s exemptions that would push back enforcement by 18 months to July 1, 2019. After […]

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Circuit Court to Hear Overtime Rule Appeal in Early October

The 5th U.S. Circuit Court of Appeals in New Orleans, arguably the most conservative of all appeals courts, announced it will hear the appeal to the injunction against the Obama-era overtime rule in early October. That rule, which raised the salary threshold for overtime exemption to $913 a week, was blocked by a federal judge […]

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DOL Hopes Agreement with Sonic Becomes Fast Food Industry Standard

The  Wage and Hour Division (WHD) of the Department of Labor (DOL) and Sonic Industries Services Inc. – franchisor of the SONIC Drive-In restaurant chain – have signed a voluntary agreement to help SONIC’s independently owned and operated franchise locations comply with federal labor laws. As part of the agreement, the Oklahoma City-based franchisor will provide a […]

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Labor Secretary Aims at Professional Licensing Deregulation

Speaking in Denver about apprenticeships, Labor Secretary Alexander Acosta pointed to licensing requirements as a barrier to employment that need to be streamlined. He noted that only one in 20 professions in the 1950s required licensing, but today it’s one in four. Appearing at the American Legislative Executive Council’s annual confab, Acosta noted that “the […]

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DOL to Seek Public Input on Creating a New Overtime Rule

The Department of Labor (DOL) announced it will publish a Request for Information (RFI) for the overtime rule on Wednesday, July 26, 2017. The RFI is an opportunity for the public to provide information that will aid the department in formulating a proposal to revise these regulations that define and delimit exemptions from the Fair […]

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Labor Secretary Forming an Apprenticeship Task Force

Secretary of Labor Alexander Acosta is inviting interested persons to submit nominations for individuals to serve on the Task Force on Apprenticeship Expansion. The creation of the task force is a key step in implementing President Donald J. Trump’s executive order to expand apprenticeships, according to a Department of Labor (DOL) news release. “Apprenticeships are […]

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Request for Information on Fiduciary Rule Published

The Employee Benefits Security Administration (EBSA) of the Department of Labor (DOL) has published a Request for Information (RFI) in connection with its examination of the final rule defining who is a “fiduciary” of an employee benefit plan for purposes of the Employee Retirement Income Security Act (ERISA) of 1974 and the Internal Revenue Code, […]

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