WASHINGTON (Sputnik) — The statement criticized the bill, known as the Regulatory Relief for Small Businesses, Schools and Nonprofits Act, claiming it would delay implementation of the Department of Labor's new overtime rule set to go into effect on December 1, 2016.
"If the President were presented with HR [House Resolution] 6094, he would veto the bill," the Office of Management and Budget (OMB) in the Executive Office of the President said in the statement issued on Tuesday night.
The new rule would extend overtime protections to 4.2 million additional Americans who are not currently eligible for overtime under US federal law, boosting workers' wages by $12 billion over the next decade.