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Worker Economic Opportunity Act

Became Public Law No: 106-202.

Official summary

Version 00 · Introduced in Senate · Mar 23, 2000

Worker Economic Opportunity Act - Amends the Fair Labor Standards Act of 1938 to exempt employee stock option, stock appreciation right, stock purchase, and similar employer-provided grants or rights programs from being included in overtime pay calculations, under specified conditions.Provides that employers have no overtime pay liability because of any employee stock options or similar programs prior to enactment of this Act.

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Who introduced it

Sen. McConnell, Mitch [R-KY] · R–KY

Committees

    32 cosponsorship records, including any withdrawals

    Actions

    A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.

    1. Became Public Law No: 106-202.

    2. Became Public Law No: 106-202.

    3. Signed by President.

    4. Signed by President.

    5. Presented to President.

    6. Presented to President.

    7. On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 421 - 0 (Roll no. 139). (text: CR H2467)

      House roll call 139 · Individual votes
    8. Motion to reconsider laid on the table Agreed to without objection.

    9. Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 421 - 0 (Roll no. 139).(text: CR H2467)

      House roll call 139 · Individual votes
    10. Considered as unfinished business. (consideration: CR H2467)

    11. At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.

    12. DEBATE - The House proceeded with forty minutes of debate on S. 2323.

    13. Considered under suspension of the rules. (consideration: CR H2437-2449)

    14. Mr. Goodling moved to suspend the rules and pass the bill.

    15. Held at the desk.

    16. Received in the House.

    17. Message on Senate action sent to the House.

    18. Passed Senate without amendment by Yea-Nay Vote. 95 - 0. Record Vote Number: 81. (text: CR S2586)

      Senate roll call 81 · Individual votes
    19. Passed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 95 - 0. Record Vote Number: 81.(text: CR S2586)

      Senate roll call 81 · Individual votes
    20. Measure laid before Senate by unanimous consent. (consideration: CR S2575-2586)

    21. Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 481. (text of measure as introduced: CR S1973-1974)

    22. Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.

    23. Sponsor introductory remarks on measure. (CR S1906-1907)

    24. Introduced in Senate

    Bill text & related measures

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    Related bills identified by Congress.gov

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    Objective

    Analyze S.2323 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

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