Walsh-Healy Act
A public law designed to prevent the practice of "bid brokering", i.e., the practice of buying items and then reselling them to the Government without the adding of any value to the item by the reseller. The Act provides that contracts subject to its provisions (generally contracts over $10,000) may be awarded only to "manufacturers" or "regular dealers", as defined. | ||||
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Walsh-Healy Act Definition from Encyclopedia Dictionaries & Glossaries
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Walsh-Healey Public Contracts Act
The Walsh-Healey Act or Walsh-Healey Public Contracts Act, passed in 1936 as part of the New Deal, is a United States federal law which protects employees of government contractors whose contracts exceed USD 10,000. For these employees, it establishes overtime as hours worked in excess of 8 hours per day or 40 hours per week, sets the minimum wage equal to the prevailing wage in an area, and sets standards for child and convict labor, as well as job sanitation and safety standards.
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