US HB2870

Amends the Fair Labor Standards Act to allow private sector employees to receive compensatory time off instead of monetary overtime pay, at a rate of 1.5 hours of comp time for each overtime hour worked

Employees may accrue up to 160 hours of compensatory time; employers must pay out unused comp time within 31 days after each calendar year or designated 12-month period

Requires employee participation to be voluntary and knowing, with written agreements; employees can withdraw from the arrangement or request cash payout for accrued time at any point with 30 days to receive payment

Prohibits employers from coercing employees to choose comp time over overtime pay or to use accrued comp time; violations subject employers to liquidated damages

Program operates for 5 years from enactment; GAO must submit annual reports to Congress tracking employer/employee usage, complaints filed, and enforcement actions