Search results
Results from the WOW.Com Content Network
The Davis–Bacon Act of 1931 is a United States federal law that establishes the requirement for paying the local prevailing wages on public works projects for laborers and mechanics. It applies to "contractors and subcontractors performing on federally funded or assisted contracts in excess of $2,000 for the construction, alteration, or ...
Davis–Bacon Act (D) [ edit ] As part of the US Department of Labor ’s (DOL) governmentwide implementation of the Davis–Bacon Act , federal regulations require that all laborers and mechanics who work for a contractor or subcontractor on federally financed construction contracts over $2,000 must be paid wages not less than those the DOL ...
There are also 32 states that have state prevailing wage laws, also known as "little Davis–Bacon Acts". The rules and regulations vary from state to state. As of 2016, the prevailing wage requirement, codified in the Davis–Bacon Act, increases the cost of federal construction projects by an average of $1.4 billion per year. [3]: 1
Davis–Bacon Act of 1931 From a modification : This is a redirect from a modification of the target's title or a closely related title. For example, the words may be rearranged.
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
Robert Low Bacon (July 23, 1884 – September 12, 1938) was an American politician, a banker and military officer. He served as a congressman from New York from 1923 until his death in 1938. He is known as one of the authors of the Davis–Bacon Act of 1931 , which regulates wages for employees on federal projects.
The Copeland Act takes its name from U.S. Senator Royal S. Copeland, its primary sponsor.Copeland's Senate Subcommittee on Crime found that up to 25% of the federal money paid for labor under prevailing wage rates was actually returned by the wage-earner as a kickback to the employing contractor or subcontractor, or to government officials. [1]
The people in Donald Trump’s orbit are floating some dramatic ideas that would remake the way banks are regulated. There are lots of questions about whether any of the ideas will come to pass.