Assembly BillChaptered/Signed
A 5405: Voids provisions in construction contracts requiring retainage as expressly provided for by section seven hundred fifty-six-c of the general business law in an amount exceeding five percent of the contract sum.
What A 5405 does, verified December 20, 2025
The bill aims to amend the general business law to address void provisions in construction contracts. It specifically targets provisions that require retainage, which is an amount withheld from a contractor's payment, exceeding five percent of the contract sum. The bill seeks to void these provisions, making them unenforceable. The changes will take effect immediately, effectively altering the existing laws governing construction contracts.
Bill journey
✓IntroducedComplete
✓In CommitteeComplete
✓First Chamber FloorComplete
✓Second ChamberComplete
✓GovernorComplete
6ChapteredCurrent
Last action: approval memo.36 (2025-12-19)Alert me
Quick answers about A 5405
- What is the current status of A 5405?
- As of December 20, 2025, A 5405 is recorded as "Chaptered/Signed": it has been signed by the Governor and chaptered into law. The last recorded action, on December 19, 2025, was "approval memo.36".
- Did A 5405 pass?
- Yes. A 5405 passed both houses and was signed into law (last action December 19, 2025). New York laws take effect on the date written into the bill, often immediately on signing or a set number of days afterward.
- Who wrote A 5405, and where is it now?
- A 5405 was authored by Asm. Pamela Hunter with 2 coauthors.
Author and sponsors
Full contact details, staff, and committees with Connect, $16/moUnlockRecent actions13 total · showing 5
| Dec. 19, 2025 | approval memo.36 |
| Dec. 19, 2025 | signed chap.654 |
| Dec. 08, 2025 | delivered to governor |
| Jun. 11, 2025 | RETURNED TO ASSEMBLY |
| Jun. 11, 2025 | PASSED SENATE |
Latest bill textIntroduced version, February 13, 2025 · 167 words
STATE OF NEW YORK ________________________________________________________________________ 5405 2025-2026 Regular Sessions IN ASSEMBLY February 13, 2025 ___________ Introduced by M. of A. HUNTER -- read once and referred to the Committee on Economic Development AN ACT to amend the general business law, in relation to void provisions in construction contracts The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 757 of the general business law is amended by 2 adding a new subdivision 5 to read as follows: 3 5. A provision, covenant, clause or understanding in, collateral to or 4 affecting a construction contract requiring retainage as expressly 5 provided for by section seven hundred fifty-six-c of this article in an 6 amount exceeding five percent of the contract sum. 7 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD09177-01-5
Text of A 5405 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions