Right, so what does this bill accomplish? An employer has absolutely no more obligation to recognize a "comp day" request than an unpaid day off. None. No difference.
The only difference is if the employee chooses "comp days", that means the employer withholds wages until those days are consumed. Free money for the employer to give the employee the illusion of freedom (but actually a weaker position in every single way).
It's rather embarrassing for you to be so wrong.
That's just plain stupid. They could save the overtime wages, invest it in something, and then take unpaid time off.
In theory yes in practice no. How ignorant are you of labor laws?
Actually what the bill accomplishes, is allowing private sector companies the option of offering their employees the choice
between taking overtime pay, vs being able to accumulate paid time off at the 1.5 rate.
Until now private sector employers did not have a choice, and could not offer a choice to employees.
The difference between using a comp day vs an unpaid day off, is that you still get paid, for when you are not at work.
There may also be some tax savings, by going the comp time route, as most overtime pay has a much greater withholding rate, reducing the net pay.
When an employee would use their 1.5 times earned comp time, they would use it at the 1.0X rate, replacing hours not worked,
so the withholding would stay the same.
I have a feeling you did not read the bill, but here it is again,
https://www.congress.gov/bill/115th-congress/house-bill/1180/text
Two provisions apply to how this would work in practice.
(
i) in which the employer has offered and the employee has chosen to receive compensatory time in lieu of monetary overtime compensation; and
“(ii) entered into knowingly and voluntarily by such employee and not as a condition of employment.
So the employee would have to ask for compensatory time instead of overtime pay!
As to how labor laws work, the department of labor, seems to keep a BIG stick around for employers who violate
the overtime laws, and since this would be part of the the overtime laws, I do not see the DOL sparing the rod!
It would not be the employee the company would have trouble with if they violate the rules, but the department of Labor!