Commitment kind: unknown. Promised action: not established. Promised outcome: not established. Deadline: unknown; not assumed expired.
Occurrences
Mackenzie introduced the Valuing Employee Stock Today Act, which would clarify that restricted stock units are not counted toward overtime regular rate calculations under the Fair Labor Standards Act.
He introduced legislation to exclude restricted stock units from overtime regular-rate calculations.
Mr. Mackenzie introduced the following bill; which was referred to the Committee on Education and Workforce
Fetched verbatim passage. AI summary (separate from source): Mackenzie introduced H.R. 8660 in the 119th Congress, but introduction and referral are an attempt, not enactment.
unverified · Source version 58977 · locator unknown
Section 7(e)(8) of the Fair Labor Standards Act of 1938 (29 U.S.C. 207(e)(8)) is amended—
Unverified model/legacy excerpt; not proof. AI summary (separate from source): The bill text directly proposes amending the FLSA regular-rate exclusion, matching the promised policy mechanism.
by striking “or bona fide employee stock purchase program” and inserting “bona fide employee stock purchase program, or restricted stock unit program”;
Fetched verbatim passage. AI summary (separate from source): The introduced bill would add restricted stock unit programs to the FLSA equity-compensation exclusion, but the bill text itself makes effectiveness contingent on enactment.
8 Final Passage Rep. Ryan Mackenzie Motion to Report bill, as amended 18Y – 15N
Fetched verbatim passage. AI summary (separate from source): The House Education and Workforce Committee advanced H.R. 8660 as amended, a concrete legislative effort but not final passage or enactment.
unverified · Source version 58981 · locator unknown
Status: Introduced on May 4 2026 - 25% progression
Unverified model/legacy excerpt; not proof. AI summary (separate from source): A legislative tracker still showed H.R. 8660 short of passage/enactment, with the latest listed action remaining committee reporting on July 21, 2026.
unverified · Source version 58983 · locator unknown
Any value or income derived from employer-provided grants or rights provided through a stock option, stock appreciation right, or bona fide employee stock purchase program meeting certain criteria may be excluded from the regular rate.
Unverified model/legacy excerpt; not proof. AI summary (separate from source): Current DOL public guidance describes existing equity exclusions without listing RSUs; no agency action found in the lookback window showing Mackenzie’s promised clarification had taken effect.