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New YorkA 54052025-2026 Regular SessionHouseWALLET

Relates to void provisions in construction contracts

Sponsored By: Pamela J. Hunter (Democratic)

Became Law

ECONOMIC DEVELOPMENTCONSUMER PROTECTION

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

New York caps construction retainage at 5%

In New York, construction contracts cannot require retainage above 5% of the total contract price. Any term in or tied to the contract that withholds more than 5% is void. This follows the state’s retainage rules and applies to contracts governed by New York law. The law is now in effect.

Sponsors & Cosponsors

Sponsor

  • Pamela J. Hunter

    Democratic • House

Cosponsors

  • Albert A. Stirpe

    House

  • Jonathan Jacobson

    Democratic • House

Roll Call Votes

All Roll Calls

Yes: 57 • No: 2

House vote • 6/11/2025

FLOOR Vote

Yes: 57 • No: 2

Actions Timeline

  1. APPROVAL MEMO.36

    12/19/2025House

  2. SIGNED CHAP.654

    12/19/2025House

  3. DELIVERED TO GOVERNOR

    12/8/2025House

  4. RETURNED TO ASSEMBLY

    6/11/2025Senate

  5. PASSED SENATE

    6/11/2025Senate

  6. 3RD READING CAL.1412

    6/11/2025Senate

  7. SUBSTITUTED FOR S5655

    6/11/2025Senate

  8. REFERRED TO CONSUMER PROTECTION

    5/22/2025Senate

  9. DELIVERED TO SENATE

    5/22/2025House

  10. PASSED ASSEMBLY

    5/22/2025House

  11. ADVANCED TO THIRD READING CAL.151

    5/15/2025House

  12. REPORTED

    5/13/2025House

  13. REFERRED TO ECONOMIC DEVELOPMENT

    2/13/2025House

Bill Text

  • Original

    2/13/2025

    PDF

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