; or (iii) (I) has an owner, partner, officer, or director who is an immediate family member of an owner, partner, officer, or director of the contractor; and (II) is in the same industry as the contractor. . 202. Child labor requirements for contracts and assistance covered by the Davis-Bacon Act or Related Acts or the Service Contract Act (a) Definitions In this section: (1) Applicable contract or assistance The term applicable contract or assistance means— (A) a contract or subcontract entered into after the date of enactment of this Act to which subchapter IV of chapter 31 of title 40, United States Code (commonly known as the Davis-Bacon Act ), applies; (B) any form of financial assistance (including through a grant or loan) awarded by the Federal Government— (i) for which the terms of such assistance were agreed to by the Federal Government and the recipient of such assistance after the date of enactment of this Act; and (ii) that requires all laborers and mechanics employed by contractors and subcontractors in the performance of construction work financed in whole or in part by such assistance to be paid wages at rates not less than those prevailing on projects of a similar character in the locality as determined by the Secretary of Labor in accordance with subchapter IV of chapter 31 of title 40, United States Code