The Wage and Hour Division (WHD) of the U.S. Department of Labor announced that the Office of Management and Budget (OMB) has approved an extension for the information collection titled “High-Wage Components of the Labor Value Content Requirements under USMCA.” This collection, identified by OMB Control Number 1235-0032, now has an expiration date of January 31, 2024. This decision allows the WHD to continue collecting data related to wage components under USMCA, which are part of the requirements for companies that fall under the United States-Mexico-Canada Agreement (USMCA). Public notification of this extension was published to comply with regulations requiring official announcements for such approvals.
Simple Explanation
The government is telling everyone that they can keep asking questions about how much people get paid at work because of a special rule between the U.S., Mexico, and Canada. They can keep doing this until January 2024.