Law360, New York (June 29, 2015, 12:46 PM EDT) -- The wheels of bureaucracy turn slowly, but changes to the U.S. Department of Labor's regulations regarding overtime pay are coming soon. In March 2014, President Obama issued a directive to Secretary of Labor Thomas E. Perez to propose changes to "modernize and streamline" the regulations addressing overtime requirements under the Fair Labor Standards Act. With the rule changes requested by the president having been submitted to the Office of Management and Budget for review, the proposed regulations could be issued for public comment any day now. It is, therefore, not too early to consider the possible implications of new exemption requirements...
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