Options Overtime Bill on Fast Track

The bill to amend the Fair Labor Standards Act to clarify that option awards do not constitute compensation for overtime calculation purposes is now on a very fast track. The "Worker Economic Opportunity Act" has been endorsed by the Administration and leaders of both parties. Senate leaders have pledged to move the bill directly to floor with committee consideration after House passage. Passage is anticipated in the very near future. The bill contains provisions covering past plans as well as future ones.