FOR IMMEDIATE RELEASE
Contact:
Matthew Haller, 202-460-8356
Jenna Weisbord, 310-995-0839
mhaller@franchise.org
jweisbord@franchise.org
@franchising411
IFA Applauds Legislation to Halt Proposed Overtime Regulations
WASHINGTON, March 17—International Franchise Association, the world’s largest organization representing franchise owners, applauded the introduction of legislation today aimed at halting the U.S. Department of Labor’s (DOL) anticipated overtime rule. The Protecting Workplace Advancement and Opportunity Act, introduced in the Senate and the House by Sen. Tim Scott (R-SC) and Sen. Lamar Alexander (R-Tenn.) and Rep. John Kline (R-Minn.) and Rep. Tim Walberg (R-Mich.), seeks to delay the DOL rule and require the department to first conduct a deeper analysis of the impact to workers and the economy.
“We are pleased Sens. Alexander and Scott and Reps. Walberg and Kline have recognized the burden this proposed rule places on franchises and how dramatically this will alter how small businesses operate across the country,” said IFA President & CEO Robert Cresanti, CFE. “These proposed changes will reduce opportunity and flexibility for millions of employees. These rules are severe enough to warrant additional analysis by the DOL and we encourage Congress to delay the final rule until further notice.”
IFA is a working member of the Partnership to Protect Workplace Opportunity, a group of over 60 employer organizations representing the broad employer community’s, created in response to the proposed overtime rule changes. PPWO expects many more lawmakers to sign onto the bill as they hear from their constituents in coming days.
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About the International Franchise Association
Celebrating 56 years of excellence, education and advocacy, the International Franchise Association is the world’s oldest and largest organization representing franchising worldwide. IFA works through its government relations and public policy, media relations and educational programs to protect, enhance and promote franchising and the more than 800,000 franchise establishments that support nearly 9.1 million direct jobs, $994 billion of economic output for the U.S. economy and 3 percent of the Gross Domestic Product (GDP). IFA members include franchise companies in over 300 different business format categories, individual franchisees and companies that support the industry in marketing, law, technology and business development.