The US Department of Labor has unveiled a proposal aimed at clarifying the classification of employees and independent contractors under federal wage and hour laws. This initiative aligns with efforts from the Trump administration to roll back the regulations imposed by the Biden era, which had tightened the definition of independent contractors. Companies like DoorDash are welcoming this move, as it could significantly benefit gig workers and freelancers. The proposed rule reflects a return to a previous framework that many businesses feel might ease operational constraints. Stock prices for gig economy giants like Uber and Lyft responded positively amid anticipation of these changes. As the Department of Labor works on revising worker classification rules, various stakeholders are preparing for potential shifts in the regulatory landscape.