CHIPS Option Year Davis Bacon 1333ND25FNB130065

Projects funded by CPO are subject to Davis Bacon (DB) requirements pursuant to 15 U.S.C. § 4652(f). Under DB, companies are required, among other things, to pay laborers local prevailing wages and provide evidence of such payment to the government. 40 U.S.C. § 3142 et seq. Under Department of Labor regulations implementing DB, it is the agency providing financial assistance (e.g., grants, loans other transactions in this context) to the company that is primary responsibility for enforcing DB compliance and investigating, as necessary, to ensure compliance. 29 CFR § 5.6(a)(1)(i); see also 29 CFR § 5.2 (definition of "agency" meaning the "Federal… government agency… that … provides assistance through loan, grant, loan guarantee or insurance, or otherwise, to a project subject to the Davis-Bacon labor standards…").