Entitled "The Volunteer Firefighter and Rescue Squad Worker Protection Act".

Amends the Fair Labor Standards Act of 1938 to exclude from coverage any fire fighters or rescue squad members during the period in which they volunteer their services at a location where they are not employed.

Waives overtime compensation requirements when fire fighters or rescue squad members volunteer their services to their employer and sign a legally binding waiver.

Prohibits employer coercion of such volunteering.