Senate BillIntroduced
S 5655: 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 S 5655 does, verified July 2, 2025
The proposed law aims to regulate void provisions in construction contracts. It specifically targets provisions that require retainage, an amount withheld from a contractor, exceeding five percent of the total contract sum. The law seeks to amend the general business law to prohibit such void provisions, ensuring that contractors are protected from excessive retainage requirements. The law will take effect immediately upon passage.
Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: SUBSTITUTED BY A5405 (2025-06-11)Alert me
Quick answers about S 5655
- What is the current status of S 5655?
- As of July 2, 2025, S 5655 is recorded as "Introduced": it has been introduced and is waiting for its first committee hearing or floor vote. The last recorded action, on June 11, 2025, was "SUBSTITUTED BY A5405".
- Did S 5655 pass?
- Not yet. S 5655 has been introduced and has not passed either house.
- Who wrote S 5655, and where is it now?
- S 5655 was authored by Sen. Chris Ryan.
Author and sponsors
Full contact details, staff, and committees with Connect, $16/moUnlockRecent actions5 total · showing 5
| Jun. 11, 2025 | SUBSTITUTED BY A5405 |
| Jun. 04, 2025 | ADVANCED TO THIRD READING |
| May. 29, 2025 | 2ND REPORT CAL. |
| May. 28, 2025 | 1ST REPORT CAL.1412 |
| Feb. 26, 2025 | REFERRED TO CONSUMER PROTECTION |
Latest bill textIntroduced version, February 26, 2025 · 173 words
STATE OF NEW YORK ________________________________________________________________________ 5655 2025-2026 Regular Sessions IN SENATE February 26, 2025 ___________ Introduced by Sen. C. RYAN -- read twice and ordered printed, and when printed to be committed to the Committee on Consumer Protection 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 S 5655 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions