This bill establishes a system for providing portable benefits to workers who deliver services to consumers through contracting agents, defined as various business entities that facilitate these services and make payments to workers classified as independent contractors. Contracting agents that employ at least 50 individual workers over a 12-month period are required to contribute funds to qualified benefit providers, which are nonprofit organizations designated by the workers. The contribution amount is set at the lesser of 25% of the total fee collected from consumers for each service transaction or $6 per hour worked, and these contributions must be made monthly.

Qualified benefit providers are mandated to use the contributions to offer benefits such as workers' compensation insurance, occupational accident insurance, health insurance, paid time off, and retirement benefits, with workers having the option to select their preferred benefits. The bill also outlines criteria for organizations to become qualified benefit providers, including nonprofit status and a board of directors that includes workers. Additionally, the Department of Labor and Workforce Development is tasked with implementing and administering the act, including monitoring compliance and establishing procedures for workers to select and change their benefit providers. Workers are granted the right to take private legal action against contracting agents for noncompliance with contribution requirements.