Hurricane Katrina Reconstruction and Displaced Worker Assistance Act of 2005 - Directs the heads of federal executive agencies, in entering into contracts to procure services in connection with Hurricane Katrina reconstruction efforts, to give a preference in the source selection process to each offeror that employs workers displaced by Hurricane Katrina as at least 25 percent of the workforce that will perform such services.
Reinstates the application of the prevailing wage requirements of the Davis-Bacon Act to all federal contracts in connection with Hurricane Katrina reconstruction efforts in the localities involved, notwithstanding the President's proclamation dated September 8, 2005, or any other provision of law.