The main purpose of this legislative proposal is to increase the overtime pay rate for employees. Currently, employers are required to pay workers one and a half times their regular hourly wage for hours worked beyond the standard 40-hour workweek. This bill aims to change that rate to two times the regular wage, effectively doubling the pay for overtime hours. Key provisions of this legislation include specific amendments to the Fair Labor Standards Act of 1938. The bill proposes to replace every instance of "one and one-half" with "two" in the relevant sections of the law.