The US Department of Labor (DOL) issued its proposed regulation regarding the Fair Labor Standards Act overtime exemption and the net effect of the change doubles the amount of money used as the threshold.  Since 2004, when the overtime exemption was last revised, the salary requirement was set at $23,660 or $455/week, however under the Obama administration proposal, that amount will more than double to $50,440 or $970 per week!  The proposed regulation is subject to a 60-day comment period expiring on September 4, 2015, after which the DOL will review the comments and then finalize the regulation.  The so-called “white collar exemption” exempts certain employees who are paid a fixed salary and meet a job duties test regarding performance of executive, administrative or professional duties from overtime compensation.  More detailed information is available here.