labor standards

labor standards Sec. 503. Section 212(a) of the National Housing Act is amended by adding at the end thereof the following new sentence: “The provisions or this section shall also apply to the insurance of any mortgage under title XI; and each laborer or mechanic employed on any facility covered by a mortgage insured under such title shall receive compensation at a rate not less than one and one-half times his basic rate of pay for all hours worked in any workweek in excess of eight hours in any workday or forty hours in the workweek, as the case may be.”