To provide asset preservation for minors who earn income from artistic or creative services for us of their name, image, or likeness

HB 5178 requires employers to deposit 15% of a minor’s gross earnings from artistic/creative work (like acting, music, or content creation) or name/image/likeness (NIL) use into a blocked trust account. It directly affects minors under 18 who earn income through these activities, including social media content creators and student-athletes. The funds remain inaccessible until the minor turns 18, with employers mandated to provide monthly records to parents/guardians and open the account within 7 business days of qualifying activity. The bill also specifies that independent content creators are excluded from these requirements.