To amend the Fair Labor Standards Act of 1938 to establish a minimum salary threshold for bona fide executive, administrative, and professional employees exempt from Federal overtime compensation requirements, and automatically update such threshold each year, and for other purposes.

Plain-English Summary (AI-assisted)

This bill would amend federal labor law to set a minimum salary requirement for certain exempt employees (executives, administrators, and professionals) who are not entitled to overtime pay. The bill would also automatically adjust this salary threshold annually to keep pace with inflation or wage changes.

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