Depart of Labor Fiduciary Rule Still Under Review, but Will Take Effect June 9th

By Todd Miller on Jun 7, 2017

 

The Department of Labor (DOL) fiduciary rule that was supposed to go into effect April 10, 2017 is now set to take effect on June 9, 2017. While many in the Trump administration oppose the new rule, newly installed Labor Secretary Alexander Acosta felt that further delay in implementation would not be consistent with the law. However, Secretary Acosta is committed to continuing to review the rule and many feel that the rule will likely be revised before the end of the rule transition period on January 1, 2018.

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Update to the New Department of Labor Overtime Rules

By Todd Miller on Nov 23, 2016

On November 22, 2016, a federal judge in Texas blocked the U.S. Department of Labor’s (USDOL’s) overtime rule from taking effect on December 1, 2016. The means that the judge agreed with arguments made by concerned states and business groups and issued a preliminary injunction, thus preventing the rules from being implemented on a nationwide basis.

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New FLSA Overtime Rules Fast Approaching

By Todd Miller on Oct 5, 2016

The new overtime rules issued by the Department of Labor (DOL) in May of 2016 are scheduled to take effect on December 1, 2016. Twenty-one states lead by Texas and Nevada as well as a number of business groups have filed separate lawsuits challenging the validity of the new rules in an attempt to block DOL enforcement. They are seeking declaratory judgement and injunctive relief to prevent the implementation of the new rules. Experts however still advise businesses to be prepared for the December 1 effective date because there is no expectation that these legal challenges will be successful.

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