U.S. Department of Labor (DOL) recently provided a private, member-only virtual update on the changes in their massive final rule taking effect on October 23.
The U.S. Department of Labor (DOL) recently provided a private member-only virtual update on the changes in their massive final rule “Updating the Davis-Bacon and Related Acts Regulations.” Specifically, Jessica Looman, Principal Deputy Administrator for the Wage and Hour Division (WHD), and additional WHD officials provided a topline review of the final rule and fielded a number of questions from attendees.
While we expected more clarity from the DOL, instead they mostly directed people to the preamble of the rule for further clarification. That stated, WHD has provided limited resources and is offering several webinars open to the public on September 14 and 13. No further guidance is expected before the effective date of October 23, 2023. More information and webinar links can be found here.
To help AGC members understand the rulemaking, please find the following resources:
- A one-page document providing the topline takeaways of the final rule here; and
- A seven-page document summarizing in more detail key provisions of the final rule here.
We are currently evaluating and considering other future educational events. When we finalize details, we will provide them to you as well as additional educational documents. AGC continues to analyze the full impact this rulemaking will have on the industry and evaluate all options available to best protect the interests of AGC members.
For more information, contact Claiborne Guy at [email protected] or 703-837-5382.
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