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.

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.