Fair Pay for Federal Contractors Act of 2023

This bill requires federal agencies to adjust contract prices to reimburse contractors for paying employees during government funding lapses (e.g., shutdowns). It covers costs for furloughed, laid-off, or reduced-hour workers, or for restoring paid leave used during the lapse, with a weekly cap of $1,442 per employee. Directly affecting federal contractors and their employees who experienced work disruptions due to funding gaps, it mandates agencies to make these adjustments promptly after enactment. Contractors must provide proof of costs, and the Office of Federal Procurement Policy must report on implementation to Congress within a year.