S 2323
106th Congress
Senate
Worker Economic Opportunity Act
Official title: A bill to amend the Fair Labor Standards Act of 1938 to clarify the treatment of stock options under the Act.
Labor and Employment
Employee stock optionsEmployers' liabilityFinance and Financial SectorLaw
More subjectsShow fewer subjects
OvertimeWages
Everywhere this bill has been
20 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 18, 2000
Became Public Law No: 106-202.
May 18, 2000
Signed by President.
May 8, 2000
Presented to President.
May 3, 2000
DEBATE - The House proceeded with forty minutes of debate on S. 2323.
May 3, 2000
On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 421 - 0 (Roll no. 139). (text: CR H2467)
May 3, 2000
Motion to reconsider laid on the table Agreed to without objection.
May 3, 2000
Considered as unfinished business. (consideration: CR H2467)
May 3, 2000
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
May 3, 2000
Considered under suspension of the rules. (consideration: CR H2437-2449)
May 3, 2000
Mr. Goodling moved to suspend the rules and pass the bill.
Apr 13, 2000
Held at the desk.
Apr 13, 2000
Received in the House.
Apr 13, 2000
Message on Senate action sent to the House.
Apr 12, 2000
Passed Senate without amendment by Yea-Nay Vote. 95 - 0. Record Vote Number: 81. (text: CR S2586)
Apr 12, 2000
Passed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 95 - 0. Record Vote Number: 81.(text: CR S2586)
Apr 12, 2000
Measure laid before Senate by unanimous consent. (consideration: CR S2575-2586)
Mar 30, 2000
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 481. (text of measure as introduced: CR S1973-1974)
Mar 29, 2000
Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
Mar 29, 2000
Sponsor introductory remarks on measure. (CR S1906-1907)
Mar 29, 2000
Introduced in Senate
Votes taken on this bill
1
| Date | Chamber | What was voted on | Result | Yes–No | |
|---|---|---|---|---|---|
| May 3, 2000 | House · vote #139 | On Motion to Suspend the Rules and Pass | Passed | 421–0 | See who voted → |
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Latest action
Became Public Law No: 106-202.
Plain-English summary
Worker Economic Opportunity Act - Amends the Fair Labor Standards Act of 1938 to exempt employee stock option, stock appreciation right, stock purchase, and similar employer-provided grants or rights programs from being included in overtime pay calculations, under specified conditions.
Provides that employers have no overtime pay liability because of any employee stock options or similar programs prior to enactment of this Act.
Related & companion bills
2
Bill text
4 versions
- Engrossed in Senate Formatted Text PDF
- Enrolled Bill Formatted Text PDF
- Placed on Calendar Senate Formatted Text PDF
- Public Law Formatted Text PDF
Cosponsors
4
Cite this page
U.S. Congress. (2026). S. 2323: Worker Economic Opportunity Act. 106th Congress. Open America. https://openamerica.io/bill/106-S-2323/
"S. 2323: Worker Economic Opportunity Act." 106th Congress, 2026, Open America, https://openamerica.io/bill/106-S-2323/.
S. 2323, 106th Cong. (2026), https://openamerica.io/bill/106-S-2323/.
[S. 2323: Worker Economic Opportunity Act](https://openamerica.io/bill/106-S-2323/)