H 931·ID·house
PORTABLE BENEFIT PLAN ACT – Amends language added by House Bill 645 regarding the Portable Benefit Plan Act.
Signed into LawFiled Mar 18, 2026
Sponsor: WAYS AND MEANS COMMITTEE
Latest Action
Reported Signed by Governor on April 2, 2026 Session Law Chapter 274 Effective: 07/01/2026
Apr 2, 2026
Summary
It amends the definitions in the Portable Benefit Plan Act, removing one definition and clarifying terms such as banks, hiring parties, independent contractors, portable benefit accounts and plans. The changes affect independent contractors and the entities that manage their benefit accounts. An emergency declaration makes the revisions take effect on July 1 2026.
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