The Department of Labor recently finalized its controversial overtime rule, which raises the salary level requirements of employees eligible for overtime from $23,660 to $47,476. More people getting paid for overtime work? Sounds great, but such a momentous federal intervention in our information economy has unintended consequencesâ€”harmful consequences that will fall directly on the people that this rule claims to help.
WASHINGTON—House Speaker Paul Ryan (R-WI) issued the following statement after the House passed H.R. 2666, the No Rate Regulation of Broadband Internet Access Act:
“There is no authority or need for the federal government to regulate the Internet. Today, Congress took action to ensure that the Internet remains a free market. This initiative blocks unelected bureaucrats in Washington from dictating how people use the Internet. I applaud Rep. Kinzinger for his leadership on this legislation that protects Americans’ Internet freedom.”