Employee Bonus Protection Act

Bill: 118-hr-741
Sponsor: full_name: Rep. Calvert, Ken [R-CA-41]
Introduced: 2023-02-02
Policy area: Labor and Employment
Latest action: action_date: 2023-02-02
text: Referred to the House Committee on Education and the Workforce.

Summaries:
action_date: 2023-02-02
action_desc: Introduced in House
text: <p><strong>Employee Bonus Protection Act</strong></p> <p>This bill excludes from an employee's regular pay rate, for purposes of calculating overtime compensation, payments made to reward an employee or group of employees for meeting or exceeding the productivity, quality, efficiency, or sales goals specified in writing in a gainsharing plan, incentive bonus plan, commission plan, or performance contingent bonus plan.</p>

tv_txt: I 118th CONGRESS 1st Session H. R. 741 IN THE HOUSE OF REPRESENTATIVES February 2, 2023 Mr. Calvert introduced the following bill; which was referred to the Committee on Education and the Workforce A BILL To amend the Fair Labor Standards Act of 1938 to provide that an employee’s regular rate for purposes of calculating overtime compensation will not be affected by certain additional payments.

1. Short title This Act may be cited as the Employee Bonus Protection Act . 2. Regular rate for overtime purposes Section 7(e) of the Fair Labor Standards Act of 1938 is amended— (1) by inserting before the semicolon at the end of paragraph (3) the following: ; or (d) the payments are made to reward an employee or group of employees for meeting or exceeding the productivity, quality, efficiency, or sales goals as specified in a gainsharing plan, incentive bonus plan, commission plan, or performance contingent bonus plan ; and (2) by adding at the end the following: A plan described in clause (d) of paragraph (3) shall be in writing and made available to employees, provided that the amount of the payments to be made under the plan be based upon a formula that is stated in the plan, and be established and maintained in good faith for the purpose of distributing to employees additional remuneration over and above the wages and salaries that are not dependent upon the existence of such plan or payments made pursuant to such plan. .