SB 61 - 5% retention payments - signed into law by the Governor
We are pleased to inform you that Senate Bill 61 (Cortese)— a key piece of legislation championed by the California Builders Alliance —was signed into law by Governor Newsom on July 14, 2025. This major victory follows years of advocacy by our organization and partners dedicated to improving payment practices in the commercial construction industry. This landmark legislation addresses longstanding financial challenges faced by construction contractors and subcontractors working on privately financed projects.
