A federal judge in Texas granted a preliminary injunction to block the Department of Labor’s (DOL) new overtime regulation. The U.S. District Court in the Eastern District of Texas granted a nationwide preliminary injunction for multiple lawsuits brought by the State of Nevada and 20 other states, and a number of business organizations led by the U.S. Chamber of Commerce. This is a major win for the business community, especially in Montana.
The Montana Chamber has long opposed this rule, opting instead to support S.3464: The Overtime Reform and Review Act. This bill will provide incremental increases to the salary threshold over time, allowing employees and employers time to adapt and phase in changes that fit their businesses, as well as considering the makeup of the business.
“If the overtime rule had taken effect December 1, it would have resulted in significant new costs as well as many disruptions to how work gets done,” said Webb Brown, President/CEO of the Montana Chamber of Commerce. “Furthermore, the rule would have reduced workplace flexibility, remote electronic access to work, and opportunities for career advancement.”
“This decision gives us, and the Montana business community, time to develop solutions that work in our state,” added Brown.
While the fight against the overtime rule does not stop here, the injunction will give Congress time to consider a legislative solution to the issue and gives the business community more time to make sure their voices are heard.

Market Update

1 DOW 20,656.58
-4.72 (-0.02%)    
2 S&P 2,345.96
-2.49 (-0.11%)    
3 NASDAQ 5,817.69
-3.95 (-0.07%)    
4 MDU 27.10
-0.08 (-0.29%)    
5 SWC 17.41
+0.08 (0.46%)    
6 EBMT 20.15
+0.25 (1.26%)    
7 FIBK 38.85
+0.30 (0.78%)    
8 GBCI 32.71
+0.12 (0.37%)