Congress makes the following findings:
(1)
The Davis-Bacon Act requires that workers on all federally funded or federally assisted construction projects be paid what is commonly referred to as a prevailing wage, as calculated by the Wage and Hour Division of the Department of Labor.
(2)
According to the Congressional Budget Office, if the Davis-Bacon Act were repealed, the Federal Government could save an estimated $12,700,000,000 in discretionary outlays from 2015 through 2023.
(3)
These savings could be redirected to the reconstruction of closed and functionally obsolete bridges along the Interstate Highway System, which would improve highway safety and interstate commerce.