Faster Labor Contracts Act

The Faster Labor Contracts Act requires employers and newly certified unions to begin negotiating an initial collective bargaining agreement within 10 days of a written request. If no agreement is reached within 90 days, the parties may request mediation from the Federal Mediation and Conciliation Service, which must act within 30 days. If mediation fails, the dispute moves to a binding arbitration panel whose decision - based on factors like employer finances, business type, and industry wages - remains enforceable for two years. This law directly affects employees represented by newly certified unions and their employers by reducing delays in securing first contracts, which historically averaged 465 days.