Amends the Public Health Service Act to direct the Secretary of Health and Human Services to require that applications for a National Institutes of Health (NIH) loan, grant, contract, or cooperative agreement for any project include reasonable assurance that all laborers and mechanics employed by contractors or subcontractors in the performance of construction or modernization on the project will be paid wages at rates not less than those prevailing on similar work in the locality as determined by the Secretary of Labor.