Virginia · 2025 Regular Session · Bill
HB 2443: Portable benefit accounts; Va. resident who has worked as an independent contractor to establish.
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
HB 2443 is a bill introduced in the Virginia House on January 8, 2025. According to its official title, it concerns: Portable benefit accounts; Va. resident who has worked as an independent contractor to establish. Primary sponsor: Phil Scott (Republican). Most recent recorded action (February 5, 2025): Left in Labor and Commerce.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
Portable benefit accounts. Authorizes a Virginia resident who has worked as an independent contractor to establish a portable benefit account. Under the bill, a portable benefit account may be offered through and administered by a bank, investment management firm, technology provider, or program manager that offers services through a bank or investment management firm. Distributions from the account may be used for the payment of various health-related costs and other benefits including income replacement insurance, life insurance, or retirement benefits. Under the bill, contributions may be made using the funds of a hiring party or a percentage of funds withheld from the compensation owed to a sole proprietor or independent contractor. The bill provides that contributions using withheld funds can only be made if (i) withheld compensation is expressly agreed to in writing; (ii) such agreement is clear, unambiguous, and prominently displayed in the work contract or a separate notice; (iii) such withholdings are voluntary and require a sole proprietor or independent contractor to opt in; and (iv) a sole proprietor or independent contractor may elect to opt out of such withholdings at any time.
Sponsors
Sponsors by party (alphabetical): Republican 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Phil Scott | Primary sponsor | Republican | House | 63 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Left in Labor and Commerce
- Subcommittee recommends passing by indefinitely (4-Y 3-N)
- Fiscal Impact Statement from Department of Planning and Budget (HB2443)
- Assigned L & C sub: Subcommittee #2
- Referred to Committee on Labor and Commerce
- Prefiled and ordered printed; Offered 01-08-2025 25104200D