1. Short title This Act may be cited as the Fair Pay for Federal Contractors Act of 2023 . 2. Appropriation There is hereby appropriated, out of any money in the Treasury not otherwise appropriated, for the fiscal year ending September 30, 2023, such sums as may be necessary for each Federal agency subject to the lapse in appropriations that began on or about October 1, 2023, and any subsequent lapse in appropriations occurring during fiscal year 2024 for adjustments in the price of contracts of such agency under section 3: Provided that, such sums shall be available for such purposes until December 31, 2024. 3. Back compensation for employees of Government contractors in connection with the lapse in appropriations (a) Back compensation (1) In general Each Federal agency subject to the lapse in appropriations shall adjust the price of any contract of such agency for which the contractor suspended, delayed, or interrupted all or part of the work of such contract, or stopped all or any part of the work called for in such contract, as a result of the lapse in appropriations to compensate the contractor for reasonable costs incurred— (A) to provide compensation, at an employee’s standard rate of compensation, to any employee who was furloughed or laid off, or who was not working, who experienced a reduction of hours, or who experienced a reduction in compensation, as a result of the lapse in appropriations (for the period of the lapse)