Assembly Bill 462 aims to address employee misclassification and enhance regulations within the construction industry in Wisconsin. The bill mandates the commissioner of insurance to conduct annual outreach and education on identifying and reporting employee misclassifications. It also requires the Department of Workforce Development (DWD) to create and distribute a worker classification notice that must be posted by all employers, with penalties for noncompliance. Additionally, the bill establishes a website for worker classification laws and expands penalties for misclassification, removing previous limits on fines and allowing for increased penalties for repeat violations.

Furthermore, the bill introduces a construction contractor registration requirement, which mandates most individuals acting as construction contractors to register with the Department of Safety and Professional Services. It also incentivizes reporting of tax law violations in the construction industry by allowing monetary awards for whistleblowers who provide credible information. The bill includes provisions for educational outreach to vulnerable populations regarding worker misclassification and establishes penalties for employers who fail to comply with workers' compensation insurance requirements. Overall, the bill seeks to strengthen enforcement against misclassification and improve compliance within the construction sector.