On June 30, 2016, President Obama signed the Puerto Rico Oversight, Management, and Economic Stability Act (S. 2328), commonly known as “PROMESA.” This measure, which was enacted with bipartisan support, effectively delays application of the U.S. Department of Labor’s (DOL) new overtime rule to employees in Puerto Rico.
Home > Federal Law Articles > FLSA > Overtime Exemptions > New DOL “White Collar” Overtime Exemptions Rule to be Put on Hold in Puerto Rico Under PROMESA