Valuing Employee Stock Today Act
Sponsored By: Representative Mackenzie, Ryan [R-PA-7]
Introduced
Summary
Treats restricted stock units (RSUs) as exempt from the Fair Labor Standards Act regular-rate calculation for overtime pay. It adds "restricted stock unit program" to the exemption and expands "exercise" to "exercise or acceptance" so accepting RSUs is covered.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
Restricted stock units excluded from overtime
If enacted, this bill would add restricted stock unit programs to the list of employer equity arrangements excluded from the FLSA regular-rate calculation for overtime pay. It would also change the word "exercise" to "exercise or acceptance" so accepting RSUs is covered. If enacted, acceptance or exercise of RSUs would not be included in the regular rate used to compute overtime pay. This would lower overtime pay for some workers who receive RSUs and would reduce employers' overtime costs. The amendments would take effect 90 days after enactment.
Sponsors & CoSponsors
Sponsor
Mackenzie, Ryan [R-PA-7]
PA • R
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov