,,ii  #aac? ,,congress  #b;d ,session   
,s4 #bdhf  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,june #ah1 #bjad ,mr4  
,h>k9 7= himself1 ,mrs4 ,murray1 ,mr4   
,s&]s1 ,mr4 ,casey1 ,ms4 ,w>r51 ,mr4    
,leahy1 ,mrs4 ,box]1 ,mr4 ,br[n1 & ,mr4 
,m>key7 introduc$ ! foll[+ bill2 :i* 0  
read twice & ref]r$ to ! ,committee on  
,heal?1 ,education1 ,labor1 & ,p5sions  
,a ,,bill  ,to am5d ! ,fair ,labor      
,/&>ds ,act ( #aich to e/abli% sal>y    
?re%olds = & limitations on executive1  
adm9i/rative1 & pr(essional employees & 
address highly comp5sat$ employees1 =   
purposes ( ! requirem5ts = exemption f !
 ,f$]al m9imum wage & maximum h\r       
provisions1 & = o!r purposes4  #a4 ,%ort
 title  ,?is ,act may be cit$ z !       
,re/or+ ,ov]time ,pay = ,work+ ,am]icans
 ,act4  #b4 ,sal>y ?re%olds1 highly     
comp5sat$ employees1 & prim>y duties    
7a7 ,sal>y ?re%olds = executive1        
adm9i/rative1 & pr(essional employees   
,section #ac ( ! ,fair ,labor ,/&>ds    
,act ( #aich 7#bi ,u4,s4,c4 #bac7 is    

am5d$--  7#a7 9 subsection 7a77#a71 by  
ins]t+ be=e 2 or ! foll[+3 1 subject to 
! requirem5t t any employee :om !       
,secret>y det]m9es is requir$ to be paid
 on a sal>y 7or equival5t fee basis7 9  
ord] to be exempt "u ?is subsection     
%all1 9 ord] to be s exempt1 receive    
comp5sation at a rate ( n less ?an !    
sal>y rate 7or equival5t fee basis7     
det]m9$ "u subsection 7k72 &  7#b7 by   
add+ at ! end ! foll[+3  7k7 ,sal>y rate
 7or equival5t fee basis7  7#a7 ,9 g5]al
 ,! sal>y rate 7or equival5t fee basis7 
det]m9$ "u ?is subsection = purposes (  
subsection 7a77#a7 %all be--  7,a7      
beg9n+ #a ye> aft] ! fir/ day ( ! fir/  
mon? t beg9s aft] ! date ( enactm5t ( ! 
,re/or+ ,ov]time ,pay = ,work+ ,am]icans
 ,act1 #ffe p] week2  7,b7 beg9n+ #b    
ye>s aft] su* fir/ day1 #hfe p] week2   
7,c7 beg9n+ #c ye>s aft] su* fir/ day1  
#a1jij p] week2 &  7,d7 beg9n+ on ! date
 t is #d ye>s aft] su* fir/ day1 & on   
su* fir/ day 9 ea* succe$+ ye>1 an      
adju/$ am\nt t is--  7i7 n less ?an !   

am\nt 9 effect "u ?is p>agraph on ! day 
be=e ! date ( su* adju/m5t2  7ii7       
increas$ f su* am\nt by ! annual        
p]c5tage increase 9 ! ,consum] ,price   
,index = ,urban ,wage ,e>n]s & ,cl]ical 
,work]s2 &  7iii7 r\nd$ to ! ne>e/      
multiple ( #a4jj4  7#b7 ,special rule   
,not)/&+ p>agraph 7#a71 = any employee =
 :om ! m9imum wage w\ld o!rwise be      
det]m9$ pursuant to section #hajc7;b7 ( 
! ,fair ,m9imum ,wage ,act ( #bjjg 7#bi 
,u4,s4,c4 #bjf note71 ! ,secret>y may   
det]m9e1 ?r\gh regulations1 ! sal>y rate
 7or equival5t fee basis74  7l7 ,prim>y 
duty ,9 any case :]e an employ]         
classifies an employee z an employee    
employ$ 9 a bona fide executive1        
adm9i/rative1 or pr(essional capacity1 =
 ! purpose ( subsection 7a77#a71 or 9 a 
position describ$ 9 subsection 7a77#ag71
 = ! purpose ( su* subsection1 su*      
employee %all n sp5d m ?an #ej p]c5t (  
su* employee's "w h\rs 9 a workweek on  
duties t are n exempt "u p>agraph 7#a7  
or 7#ag7 ( subsection 7a71 respectively4

  7m7 ,def9itions ,= ! purposes ( ?is   
section3  7#a7 ,annual p]c5tage increase
 ,! t]m annual p]c5tage increase1 :5 us$
 9 ref]5ce to ! ,consum] ,price ,index =
 ,urban ,wage ,e>n]s & ,cl]ical ,work]s1
 means ! annual p]c5tage increase       
calculat$ by ! ,secret>y by comp>+ su*  
,consum] ,price ,index = ! mo/ rec5t    
mon?1 qu>t]1 or ye> available 7z select$
 by ! ,secret>y prior to ! fir/ ye> =   
:i* a m9imum wage is 9 effect pursuant  
to ?is subsection7 ) su* ,consum] ,price
 ,index = ! same mon? 9 ! prec$+ ye>1 ! 
same qu>t] 9 ! prec$+ ye>1 or ! prec$+  
ye>1 respectively4  7#b7 ,consum] ,price
 ,index = ,urban ,wage ,e>n]s & ,cl]ical
 ,work]s ,! t]m ,consum] ,price ,index =
 ,urban ,wage ,e>n]s & ,cl]ical ,work]s 
means ! ,consum] ,price ,index = ,urban 
,wage ,e>n]s & ,cl]ical ,work]s 7,unit$ 
,/ates city av]age1 all items1 n        
seasonally adju/$71 or its successor    
publication1 z det]m9$ by ! ,bureau (   
,labor ,/ati/ics4  4  7b7 ,highly       
comp5sat$ employees  7#a7 ,9 g5]al ,if !

 ,secret>y ( ,labor1 9 ! discretion (   
su* ,secret>y1 det]m9es t an employee   
may be exempt = purposes ( section      
#ac7;a77#a7 ( ! ,fair ,labor ,/&>ds ,act
 ( #aich 7#bi ,u4,s4,c4 #bac7;a77#a771 z
 a highly comp5sat$ employee 7z su* t]m 
is def9$ & delimit$ by ! ,secret>y71 !n 
! level ( total annual comp5sation      
necess>y = su* exemption %all be--  7,a7
 beg9n+ #a ye> aft] ! fir/ day ( ! fir/ 
mon? t beg9s aft] ! date ( enactm5t (   
?is ,act1 #ajh1jjj2  7,b7 beg9n+ #b ye>s
 aft] su* fir/ day1 #aaf1jjj2  7,c7     
beg9n+ #c ye>s aft] su* fir/ day1       
#abe1jjj2 &  7,d7 beg9n+ on ! date t is 
#d ye>s aft] su* fir/ day1 & = ea*      
succe$+ cal5d> ye>1 an adju/$ am\nt t   
is--  7i7 n less ?an ! am\nt 9 effect "u
 ?is p>agraph on ! day be=e ! date ( su*
 adju/m5t2  7ii7 increas$ f su* am\nt by
 ! annual p]c5tage increase 9 ! ,consum]
 ,price ,index = ,urban ,wage ,e>n]s &  
,cl]ical ,work]s2 &  7iii7 r\nd$ to !   
ne>e/ multiple ( #a4jj4  7#b7 ,rule (   
con/ruction ,no?+ 9 ?is subsection or ! 

regulations promulgat$ by ! ,secret>y ( 
,labor "u ?is subsection %all ov]ride   
any provision ( a collective b>ga9+     
agreem5t t provides = ov]time employm5t 
comp5sation1 or rights to su*           
comp5sation1 t exce$ ! requirem5ts ( !  
,fair ,labor ,/&>ds ,act ( #aich 7#bi   
,u4,s4,c4 #bja et seq474  7#c7          
,def9itions ,= purposes ( ?is           
subsection1 ! t]ms annual p]c5tage      
increase & ,consum] ,price ,index =     
,urban ,wage ,e>n]s & ,cl]ical ,work]s h
 ! mean+s giv5 ! t]ms 9 section #ac7m7 (
 ! ,fair ,labor ,/&>ds ,act ( #aich 7#bi
 ,u4,s4,c4 #bac7m771 z add$ by          
subsection 7a74  7c7 ,publication (     
notice  7#a7 ,9 g5]al ,n lat] ?an #fj   
days be=e ! effective date ( any        
adju/m5t 9 ! sal>y rate 7or equival5t   
fee basis7 requir$ "u section           
#ac7k77#a77;,d7 ( ! ,fair ,labor ,/&>ds 
,act ( #aich 7#bi ,u4,s4,c4             
#bac7k77#a77;,d771 z add$ by subsection 
7a71 or any adju/m5t 9 ! am\nt (        
comp5sation requir$ = ! highly comp5sat$

 employee exemption requir$ "u          
subsection 7b71 ! ,secret>y ( ,labor    
%all publi%1 9 ! ,f$]al ,regi/] & on !  
website ( ! ,dep>tm5t ( ,labor1 a notice
 ann\nc+ ! adju/$ sal>y rate 7or        
equival5t fee basis7 or adju/$ am\nt (  
comp5sation1 respectively4  7#b7        
,nonapplicability ( rulemak+ requirem5ts
 ,! provisions ( section #eec ( title   
#e1 ,unit$ ,/ates ,code1 %all n apply to
 any notice requir$ "u ?is subsection4  
7d7 ,p5alties ,section #af7;e77#b7 ( !  
,fair ,labor ,/&>ds ,act ( #aich 7#bi   
,u4,s4,c4 #baf7;e77#b77 is am5d$ by     
ins]t+ or section #aa7;c71 relat+ to !  
records t ea* employ] is requir$ to     
make1 keep1 & pres]ve1 aft] relat+ to   
wages14  7e7 ,effective date ,?is ,act1 
& ! am5dm5ts made by ?is ,act1 %all take
 effect on ! date t is #a ye> aft] !    
fir/ day ( ! fir/ mon? t beg9s aft] !   
date ( enactm5t ( ?is ,act4