Congress is being asked to allow more fines by USDOT; to strengthen regulations involving hazardous shipments, and to hasten the phase-in of the hazardous materials rule that is not mandated until 2029.

Source: https://www.gopusa.com/norfolk-southern-usdot-congress-all-targeted-in-buttigiegs-requests/

First, this impact doesn't contemplate a potential phase-in similar to CECL.

Source: https://seekingalpha.com/article/4595039-ally-financial-inc-ally-q1-2023-earnings-call-transcript?source=feed_all_articles

So there will be a significant phase-in period.

Source: https://seekingalpha.com/article/4643966-tradeweb-markets-inc-tw-q3-2023-earnings-call-transcript?source=feed_all_articles

Sybill Hyppolite with the Washington State Labor Council opposed the bill, stating that overtime pay is a fundamental right and that employers were given a slow three-year phase-in to accommodate these changes.

Source: https://kpq.com/thousands-tune-in-for-public-hearing-on-bill-proposing-overtime-restriction-for-farm-workers/