News & Analysis as of

Department of Labor (DOL) Presidential Veto

Katten Muchin Rosenman LLP

President Biden’s First Veto Frustrates Anti-ESG Coalition

On March 20, President Joe Biden used his first presidential veto to block a GOP-sponsored anti-ESG bill from taking effect. The bill would have eliminated a Department of Labor rule that allows ERISA retirement fund managers...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Biden vetoes ESG proposal overturn

If your Department of Labor (DOL) proposes a rule, as President, you’re not likely to throw them under the bus and overrule them. In a move that surprised no one, President Joe Biden used his first veto to preserve a...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

Beltway Buzz - March 2023 #4

POTUS Issues First Veto. On March 20, 2023, after more than two years in office, President Biden issued his first legislative veto. As expected, President Biden rejected the bipartisan Congressional Review Act resolution that...more

Mintz

President Biden Issues First Veto to Protect ESG Investing

Mintz on

Today, President Biden issued the first veto of his presidency. This action had been heavily telegraphed in advance and was widely expected. Nonetheless, this veto is extraordinarily significant....more

Mintz

President Biden Threatens First Veto Over Congressional Nullification of DOL Regulation Enabling Consideration of ESG Factors

Mintz on

Last fall, the Biden Administration's Department of Labor ("DOL") issued a regulation ("Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights") that, according to a White House press release,...more

Cadwalader, Wickersham & Taft LLP

President Biden Expected to Issue First Veto to Preserve DOL ESG Investment Rule

President Biden will likely issue the first veto of his presidency after Congress passed a measure that would repeal a Department of Labor rule that allows retirement plan fiduciaries to consider ESG-related factors in...more

Clark Hill PLC

Window On Washington - Vol. 3, Issue 12

Clark Hill PLC on

Outlook for This Week in the Nation's Capital - Congress: The Congress will be on recess this week, before returning the following week to resume work on a number of matters....more

Foster Garvey PC

Still Looming – The Regulations Regarding Overtime Exemptions

Foster Garvey PC on

When we last visited this topic, the proposed regulations revising the overtime exemptions were still very new. The regulations are due to go into effect on December 1 of this year. There has been legislation introduced to...more

Proskauer - Law and the Workplace

White House Would Veto Any Law to Delay Effective Date of Overtime Rule Change

On September 28, 2016, the House of Representatives passed a bill to delay the effective date of the new overtime rule by six months (from December 1, 2016 to June 1, 2017). ...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

Is Proposed Legislation Likely To Slow Implementation of The New Overtime Regulations? Probably Not.

On May 18, 2016, the U.S. Department of Labor (DOL) announced the publication of its final rule updating its existing overtime regulations. The updated regulations are scheduled to become effective on December 1 of this year...more

Goodwin

Financial Services Weekly News - June 2016 #3

Goodwin on

Regulatory Developments - OFAC Updates Frequently Asked Questions Regarding Lifting Sanctions on Iran - On June 8, the Office of Foreign Assets Control of the U.S. Department of the Treasury (OFAC) updated its...more

Benesch

Overtime Pay for Millions

Benesch on

Millions of American workers will now be eligible for overtime pay after the Department of Labor (“DOL”) released its long-awaited Final Rule updating the overtime regulations under the Fair Labor Standards Act (“FLSA”). The...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

Labor Secretary Testifies Before House Committee but Stays Silent on Overtime Proposal

In testimony before the House Education and Workforce Committee on Tuesday, March 16, 2016, U.S. Secretary of Labor Thomas E. Perez commented about several regulatory priorities and other U.S. Department of Labor (DOL)...more

Ruder Ware

DOL OT RULE UPDATE!!!! Release Date Now Expected in June of 2016

Ruder Ware on

Multiple D.C. insiders and media outlets have reported that earlier this week the DOL forwarded the proposed final overtime rule to the Office of Management and Budget (OMB) for its mandatory review. (If right now you are...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

DOL Delivers Final Overtime Regulation Revisions to OIRA Ahead of Schedule

The U.S. Department of Labor’s (DOL) Wage and Hour Division just delivered its proposed final revisions to the Fair Labor Standards Act’s (FLSA) Part 541 overtime regulations to the Office of Information and Regulatory...more

Skadden, Arps, Slate, Meagher & Flom LLP

Employment Flash - July 2015

The July 2015 edition of Employment Flash covers a number of developments, including: the U.S. Supreme Court's ruling that job applicants need only show that a religious accommodation was a factor in denying employment to...more

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