Valuing Employee Stock Today Act

This bill would change the Fair Labor Standards Act of 1938 so that restricted stock units given by employers are treated the same as stock options and employee stock purchase programs when figuring overtime pay. Under current law, value from those stock programs is left out of an employee's "regular rate," which is the hourly amount used to calculate overtime. The bill would add restricted stock unit programs to that exclusion and would also cover the acceptance of such awards, not only their exercise. The changes would take effect 90 days after the bill becomes law.

Full text and official record on Congress.gov

Sponsors

• Ryan Mackenzie Republican sponsor
• 1 cosponsors