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This bill amends the National Labor Relations Act to significantly raise the revenue thresholds businesses must meet before the National Labor Relations Board (NLRB) can assert jurisdiction over their labor disputes. Starting in 2024, these dollar thresholds would automatically increase to ten times their current levels, and beginning in 2025, they would be adjusted annually based on a new inflation measure called the Personal Consumption Expenditure Per Capita Index, which the Department of Commerce's Bureau of Economic Analysis would be required to create and publish. The practical effect is that many small and mid-sized businesses that currently fall under NLRB jurisdiction would be exempt from federal labor board oversight, since their revenues would no longer meet the higher thresholds. This change would primarily affect small business owners, their employees, and labor unions, as fewer workplace disputes involving smaller companies would be subject to NLRB review and enforcement. The changes would apply to any NLRB jurisdictional decisions made after the law takes effect.

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