H.R.4109 - Worker Economic Opportunity Act 106th Congress (1999-2000)
|Sponsor:||Rep. Ballenger, Cass [R-NC-10] (Introduced 03/29/2000)|
|Committees:||House - Education and the Workforce|
|Latest Action:||05/23/2000 Referred to the Subcommittee on Workforce Protections.|
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Subject — Policy Area:
- Labor and Employment
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Summary: H.R.4109 — 106th Congress (1999-2000)All Bill Information (Except Text)
Worker Economic Opportunity Act - Amends the Fair Labor Standards Act of 1938 to exempt employee stock option, stock appreciation right, stock purchase, and similar employer-provided grants or rights programs from being included in overtime pay calculations, under specified conditions.
Introduced in House (03/29/2000)
Provides that employers have no overtime pay liability because of any employee stock options or similar programs prior to enactment of this Act.