The Greater Springfield Chamber of Commerce believes Senate Bill 3052 may be of concern to you as a business person and Chamber member. While SB 3052 is related to “retainage” provisions in commercial and large residential real estate construction contracts, as your Chamber of Commerce, we believe the larger issue is one of precedent. We believe two private businesses should be able to enter into a mutually agreed upon contract that satisfies both parties without the government dictating terms of the contract.
As referenced in The Greater Springfield Chamber of Commerce Policy Agenda, we oppose public policy that creates unnecessary regulation and/or overly burdensome regulation on the business community. SB 3052 passed both houses and awaits the Governor's signature.
For more information about The Chamber’s Policy Agenda, click the following link,