The Faster Labor Contracts Act aims to speed up the process of negotiating contracts between employers and labor organizations after employees vote to be represented. The goal is to ensure that workers can quickly secure agreements that improve their wages and working conditions. One of the key provisions of this act is that it requires employers to begin negotiations within 10 days of a labor organization being recognized as a representative. If an agreement is not reached within 90 days, either party can request mediation from the Federal Mediation and Conciliation Service.