H.R. 8660, Employee Compensation Carve-out. Quorum's AI analysis reads it as a net cost — and names who bears it.
H.R. 8660 · Net cost
What it does
This bill clarifies that restricted stock units (RSUs)—a common form of employee equity compensation—should be excluded from overtime pay calculations, just like stock options and employee stock purchase plans already are. The bill argues that RSUs were not explicitly mentioned in the 2000 law only because they weren't common then, and Congress intended the law to cover all equity types. The effect is that when calculating overtime pay, employers can ignore the value of RSUs granted to employees.
The analysis names technology companies (Meta, Google, Apple, Microsoft, etc.) — and 3 more groups — among the beneficiaries.
The cost
Workers at tech companies and growth-stage firms—where RSU compensation is prevalent—will see reduced overtime pay without any change to their actual work hours or effort. A worker earning $50k salary + $30k in RSUs annually will have overtime calculated on $50k, not $80k.
The analysis put a high warning level on this bill. Transparency scores 65%, and the analysis found no provisions unrelated to the bill's subject.
Who is behind it
Filed by Ryan Mackenzie. Cosponsored by Robert Onder.