Here's the proposed reg - http://www.dol.gov/esa/regs/fedreg/proposed/2003033101.htm
From Clark Howard's website:
- The DOL is proposing a new rule that if you make more than $22,000 a year, your employer is able to declare you non-eligible for overtime. Then, the employer is able to work you as many hours as they want and never pay you an extra penny.
http://clarkhoward.com/shownotes/2003/03/28.html#overtime