To amend the Fair Labor Standards Act of 1938 to exempt certain educational enterprise employees from the minimum wage and overtime compensation provisions of such Act.

[AI summary unavailable — showing source text] Amends the Fair Labor Standards Act of 1938 to exempt from minimum wage and overtime compensation provisions employees of educational enterprises recognized as independent school districts who: (1) are employed to serve as parents of children enrolled and residing at facilities of such enterprises; (2) reside at such facilities; (3) receive free board and lodging from such enterprises; and (4) are compensated at an annual rate of at least $6,900.…