Construction + Economy, Legislation + Regulation

Obama Signs Repeal of 3 Percent Withholding Mandate

Craig DiLouie December 2, 2011

President Obama has signed a bill repealing the 3% withholding mandate. H.R. 674, championed by Rep. Wally Herger, R-CA, and Rep. Earl Blumenauer, D-OR and supported by the American Institute of Architects, is aimed at killing a looming federal requirement that would have forced federal, state, and many local agencies to withhold 3% of nearly all payments to contractors beginning in 2013.

Since the profit margin for many businesses is often less than 3%, the withholding mandate would have created significant cash flow problems for day-to-day operations in addition to reducing capital that could be invested in job creation and business expansion.

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