Prevailing rate determinations for defense industrial base

(a) In general Chapter 81 of title 10, United States Code, is amended by adding at the end the following new section: 1599k. Prevailing rate determinations for defense industrial base (a) Authority The Secretary of Defense, under the sole and exclusive discretion of the Secretary, may establish the pay of prevailing rate employees located at any defense industrial base facility. (b) Factors Pay established under subsection (a) shall be based on the Secretary’s assessment of— (1) pay rates of private industry for substantially similar work; (2) the cost of living in the geographic area of the defense industrial base facility concerned; and (3) whether additional compensation is necessary to incentivize recruitment and retention in a specific job at a particular defense industrial base facility. (c) Definitions In this section: (1) Defense industrial base facility The term defense industrial base facility has the meaning given that term in section 2208(u)(3) of this title. (2) Prevailing rate employee The term prevailing rate employee has the meaning given that term in section 5342 of title 5.. (b) Clerical amendment The table of sections at the beginning of chapter 81 of such title is amended by adding at the end the following new item: 1599k. Prevailing rate determinations for defense industrial base..