Establishes system for portable benefits for workers who provide services to consumers through contracting agents.

This bill requires contracting agents (like app-based platforms connecting workers with consumers) that serve 50+ workers in a year to contribute 15% of each worker’s monthly earnings into individual portable benefits accounts. It directly affects gig workers who provide 40+ hours monthly through these platforms (using 1099 forms), excluding sales reps, union workers, real estate agents, and licensed health professionals. Benefits include mandatory workers’ compensation or occupational accident insurance, plus choices for health insurance, paid time off, or retirement benefits from a nonprofit provider. Workers can opt to receive half the contribution as cash instead of benefits.