,i  #aai? ,,congress  #b;d ,session  ,h4
 ,r4 #hffj  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,may #d1 #bjbf,mr4    
,mack5zie introduc$ ! foll[+ bill2 :i* 0
 ref]r$ to ! ,committee on ,education & 
,work=ce  ,a ,,bill  ,to am5d ! ,fair   
,labor ,/&>ds ,act ( #aich to protect   
work] access to employ] equity1 & = o!r 
purposes4  #a4 ,%ort title  ,?is ,act   
may be cit$ z ! ,valu+ ,employee ,/ock  
,today ,act4  #b4 ,f9d+s ,congress f9ds 
! foll[+3 7#a7 ,! ,work] ,economic      
,opportunity ,act ( #bjjj 7,public ,law 
#ajf-bjb7 am5d$ section #g7;e7 ( ! ,fair
 ,labor ,/&>ds ,act ( #aich 7#bi        
,u4,s4,c4 #bjg7;e77 by add+ a new       
p>agraph 7#h7 to su* section #g7;e7 to  
exempt any value or income d]iv$ f      
employ]-provid$ grants or rights provid$
 pursuant to a /ock option1 /ock        
appreciation "r1 or bona fide employee  
/ock pur*ase program f ! det]m9ation (  
an employee's regul> rate = purposes (  
calculat+ su* employee's ov]time        
comp5sation4  7#b7 ,! lack ( explicit   

m5tion ( re/rict$ /ock units 9 p>agraph 
7#h7 ( section #g7;e7 ( ! ,fair ,labor  
,/&>ds ,act ( #aich 7#bi ,u4,s4,c4      
#bjg7;e771 z add$ by ! ,work] ,economic 
,opportunity ,act ( #bjjj 7,public ,law 
#ajf-bjb71 0 n an int5tional exclusion f
 su* p>agraph 7#h71 b a reflection t ?is
 type ( equity aw>d 0 n commonly us$ z (
 ! date ( enactm5t ( ! ,work] ,economic 
,opportunity ,act ( #bjjj 7,public ,law 
#ajf-bjb74  7#c7 ,congress cle>ly       
e/abli%$ 9 ! ,jo9t ,/atem5t (           
,legislative ,int5t accompany+ ! ,work] 
,economic ,opportunity ,act ( #bjjj     
7,public ,law #ajf-bjb7 t su* ,act 0    
design$ to be broad & flexible en\gh to 
accommodate a wide v>iety ( employee    
equity programs & to be flexible &      
=w>d-look+ & int]pret$ consi/5t ) its   
purpose to enc\rage employ]s to provide 
opportunities = equity p>ticipation to  
employees4  7#d7 ,9 ! ye>s s9ce #bjjj1  
re/rict$ /ock units h become a highly   
common =m ( equity = bo? sal>i$ & h\rly 
employees t1 consi/5t ) ! ,jo9t ,/atem5t

 ( ,legislative ,int5t accompany+ !     
,work] ,economic ,opportunity ,act (    
#bjjj 7,public ,law #ajf-bjb71 all[     
employees to %>e 9 ! future success ( _!
 companies ?r\gh a me*anism t may n     
o!rwise be available to rank-&-file     
work]s4  7#e7 ,re/rict$ /ock units %\ld 
qualify = ! exemption f regul> rate     
det]m9ations "u p>agraph 7#h7 ( section 
#g7;e7 ( ! ,fair ,labor ,/&>ds ,act (   
#aich 7#bi ,u4,s4,c4 #bjg7;e77#h77      
because su* p>agraph w\ld h explicitly  
m5tion$ re/rict$ /ock units z qualify+ =
 su* exemption _h re/rict$ /ock units   
be5 a common =m ( employ]-provid$ equity
 comp5sation z ( ! date ( enactm5t ( !  
,work] ,economic ,opportunity ,act (    
#bjjj 7,public ,law #ajf-bjb74  #c4     
,cl>ification ( ! employ] equity        
exemption f regul> rate det]m9ations    
7a7 ,cl>ification ,section #g7;e77#h7 ( 
! ,fair ,labor ,/&>ds ,act ( #aich 7#bi 
,u4,s4,c4 #bjg7;e77#h77 is am5d$--  7#a7
 9 ! matt] prec$+ subp>agraph 7,a71 by  
/rik+ or bona fide employee /ock pur*ase

 program & ins]t+ bona fide employee    
/ock pur*ase program1 or re/rict$ /ock  
unit program2 &  7#b7 9 subp>agraph     
7,c71 by /rik+ ex]cise & ins]t+ ex]cise 
or acceptance4  7b7 ,effective date ,!  
am5dm5ts made by ?is section %all take  
effect on ! date t is #ij days aft] !   
date ( enactm5t ( ?is ,act4