H.R.2070 - Sales Incentive Compensation Act107th Congress (2001-2002)
|Sponsor:||Rep. Tiberi, Patrick J. [R-OH-12] (Introduced 06/06/2001)|
|Committees:||House - Education and the Workforce|
|Latest Action:||06/27/2001 Forwarded by Subcommittee to Full Committee by the Yeas and Nays: 8 - 6. (All Actions)|
This bill has the status Introduced
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Summary: H.R.2070 — 107th Congress (2001-2002)All Bill Information (Except Text)
Sales Incentive Compensation Act - Amends the Fair Labor Standards Act of 1938 to exempt from minimum wage recordkeeping and overtime compensation requirements any employee in a sales position, if the employee has: (1) specialized or technical knowledge related to products or services being sold; (2) sales which are predominantly made to persons to whom any employee in the sales position has made previous sales, or without the employee's having initiated the sales contact; (3) a detailed understanding of customers' needs, and discretion in offering a variety of products and services; and (4) a certain minimum rate of base compensation, and certain levels of additional compensation based on sales attributable to the employee.
Introduced in House (06/06/2001)
Makes this Act inapplicable to individuals employed as route sales drivers.