This bill makes businesses pay suppliers faster and bans holding onto construction money. It also gives a new Small Business Commissioner power to settle payment disputes.
A bill to make provision about payment terms in commercial contracts; to make provision about interest on late payment of commercial debts; to ban retention clauses in the construction sector; to expand the powers of the Small Business Commissioner in relation to payment disputes and poor payment practices; to amend the Enterprise Act 2016 in connection with other functions of the Small Business Commissioner; and for connected purposes.
Status: In Progress
Current House: Commons
Stage: 1st reading
Sponsored by: Lord Leong, Jonathan Reynolds
Introduced: 2026-05-19