Testimony - Ohio Council of Retail Merchants, House Bill 68 (March 17, 2021)
Summary
Letter dated March 17, 2021, to the Honorable Dick Stein, Ohio House of Representatives, from Lora Miller and Alex T. Boehnke of the Ohio Council of Retail Merchants, which says it writes in opposition to House Bill 68. The letter states that the legislation would impose new requirements and added costs on contracts between two private parties, citing a requirement of payment within 30 days and an interest rate of 18% on payments not timely made. It says the terms could adversely affect construction contracts retailers engage in when building new stores or remodeling facilities. The letter copies Members of the House Commerce and Labor Committee.
Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used
Cite this document
“Testimony - Ohio Council of Retail Merchants, House Bill 68 (March 17, 2021).”
Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2021-03-17-commerce-labor-testimony-hb68opocrmwritten-81b159b8ea/
, SHA-256 c54356a45c08a29aaf517743ed2f0e56e2ddc8f34620b80a5210828ee6482d8c.Full text
March 17, 2021 The Honorable Dick Stein Ohio House of Representatives 77 S. High St. 12th Floor Columbus OH, 43215 Dear Chairman Stein: On behalf of the Ohio Council of Retail Merchants and our over 7,000 members, we write in opposition to House Bill 68. The legislation would impose drastic new requirements and added costs relating to contracts between two private parties. The provisions of the bill also fall well outside of industry norms, specifically citing the requirement of payment within 30 days and an interest rate of 18% to payments not timely made. We are concerned such terms could adversely impact construction contracts retailers engage in when building new stores or remodeling existing facilities. Additionally, we are uncertain as to the necessity of the legislation. Payment terms in contracts are agreed upon by all involved parties and are legally enforceable, therefore parties already have remedies at their disposal should the terms of a contract be violated. Lastly, the bill would unnecessarily inject a new level of bureaucracy in private contracts. We feel contracts are appropriately negotiated between the direct parties involved and the current legal remedies provide sufficient protections. We greatly appreciate the Committee’s consideration of our concerns and the opportunity to provide comments. Please feel free to contact us with any questions. Sincerely, Lora Miller Alex T. Boehnke Director of Governmental Affairs Manager of Public Affairs and Public Relations CC: Members of the House Commerce and Labor Committee
File and source
- File
- 2021-03-17_commerce-labor_testimony_hb68opocrmwritten.pdf
- Size
- 173,614 bytes
- SHA-256
- c54356a45c08a29aaf517743ed2f0e56e2ddc8f34620b80a5210828ee6482d8c
- Original
- No public link identified.