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House approves bill allowing portable benefit accounts for independent contractors
Summary
The House passed Senate Bill 1377 to let independent contractors set up voluntary portable benefit accounts for life, health, retirement and income-replacement benefits. Sponsor said the accounts would be voluntary, portable and managed by third-party providers; the bill passed on a recorded vote.
The Tennessee House approved Senate Bill 1377 on third reading, a measure intended to let independent contractors — including gig workers, freelancers and consultants — establish voluntary portable benefit accounts.
Chairman Baum, sponsor of the substitute, said the bill "would allow independent contractors to have portable benefit accounts without changing their…
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