CONTRACTR PROMPT PAY-RETAINAGE Senate SponsorsSen. Wm. Sam McCann 1/13/2015SenateSession Sine Die 815 ILCS 603/10Amends the Contractor Prompt Payment Act. Provides that under a construction contract, it is unlawful to withhold more than 5% retainage on payments earned by contractors and subcontractors. Effective January 1, 2014. 2/15/2013SenateFiled with Secretary by Sen. Wm. Sam McCann 2/15/2013SenateFirst Reading 2/15/2013SenateReferred to Assignments 3/5/2013SenateAssigned to Labor and Commerce 3/13/2013SenateTo Subcommittee on Special Issues (LC) 3/22/2013SenateRule 3-9(a) / Re-referred to Assignments 1/13/2015SenateSession Sine Die