This bill, titled the "Faster Labor Contracts Act," aims to address delays in labor contract negotiations following employees' votes for labor representation. The bill proposes amendments to the National Labor Relations Act to expedite the process, requiring parties to begin bargaining within 10 days of receiving a request and to make reasonable efforts to reach an agreement within 90 days. If negotiation fails, the Federal Mediation and Conciliation Service will step in, followed by a 3-person arbitration panel. Additionally, the bill mandates a report on the average time to reach initial collective bargaining agreements. If enacted, the bill's impact would be to streamline and expedite the process of reaching labor contracts following employee representation votes.