Sec. 1058. Report on price elasticity of labor supply at shipyards and supplier firms
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Not later than 180 days after the date of the enactment of this Act, the Secretary of the Navy shall submit to the congressional defense committees a report on the price elasticity of the labor supply for the industrial base for building and maintaining naval vessels, including— private-sector shipyards; public-sector naval shipyards; and supplier firms. The report required by subsection
(a)shall include the following: An assessment of the full cost of hiring and training workers at shipyards and supplier firms. An assessment of the extent to which retention and attrition of workers at shipyards and supplier firms is related to pay and benefits for those workers. An assessment of the extent to which challenges in recruiting and retaining desired numbers of workers at shipyards and supplier firms can be met by increasing pay and benefits for those workers. An assessment of the potential impact of such increases in pay and benefits on costs for procuring and maintaining naval vessels. An assessment of and recommendation for any extraordinary relief that may be appropriate for the fixed-price, multi-year procurement contracts for Virginia-class submarines in order to increase pay and benefits for workers at shipyards and supplier firms under those contracts. The Secretary of the Navy may contract with a private entity for the preparation of the report required by subsection (a).