SF 41 — Portable benefit accounts.
Last action — Governor Signed SEA No. 0030
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✓Introduced
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✓In Committee
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✓Passed Senate
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✓Passed House
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✓To Executive
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6Enacted
This bill has been enacted into law. Introduced January 13, 2026. Enacted.
Signed by Governor Mark Gordon (Republican) on March 06, 2026.
Odds of enactment
High chanceBased on the sponsor, cosponsors, and committee posture, this bill has a high chance of becoming law.
Upgrade to see the exact probability and what's driving it.
A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.
Prognosis
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Enacted
Current position in the legislative process.
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5 sponsors
1 primary, 4 co-sponsors signed on.
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Single-party support
Sponsorship is currently within one party (5 R).
Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.
Summary
Portable benefit accounts are accounts that independent contractors may open to receive funds for purchasing insurance and funding retirement benefits on the independent contractor's behalf. This act authorizes the use of portable benefit accounts by independent contractors. Portable benefit accounts are administered by portable benefit account providers, which the act defines as financial institutions, investment management firms and any other person that demonstrates to the State Banking Commissioner's satisfaction that the person will administer the account in accordance with law. The act specifies that any person, including independent contractors, may voluntarily contribute funds to a portable benefit account for or on behalf of an independent contractor. Any contribution to a portable benefit account is not a determining factor in considering whether a person is an employee or an independent contractor. The act provides that contributions to portable benefit accounts may be made using the funds of a hiring party or withheld from funds owed to an independent contractor under specified conditions, including a written agreement for the withdrawal or withholding of funds that is clear and unambiguous. The act requires the Department of Workforce Services to promulgate rules to implement this act. Comments: This act has a split effective date. Provisions concerning rulemaking are effective immediately, while the substantive portion of the act is effective on July 1, 2026.
Bill Text
What changed in the latest version
110 added · 121 removedPlain-language change summary
The recent amendment to Bill SF 41 added definitions for key terms related to portable benefit accounts, such as "financial institution," "hiring party," and "independent contractor." These changes clarify who can participate in the portable benefit accounts system, helping to ensure that workers and employers understand their rights and responsibilities. This clarification matters because it aims to provide better access to benefits for independent contractors, contributing to fair employment practices and improved economic security for these workers.
SORIGINAL TATE OF W YOMING 26LSO-0329 SENATE ENGROSSED FILE NO.
SF0041 PortableENROLLED benefitACT accounts.NO.
Sponsored30, by:SENATE SIXTY-EIGHTH LEGISLATURE OF THE STATE OF WYOMING BUDGET SESSION AN ACT relating to labor and employment;
Senator(s) Olsen, Boner and Crago and Representative(s) Filer and Williams A BILL for AN ACT relating to labor and employment;
7 Be It Enacted by the Legislature of the State of Wyoming:
9 Section 1.
1 SF0041 STATE OF WYOMING 26LSO-0329 (i) "Financial institution" means any bank, savings and loan association or credit union chartered under the laws of Wyoming, the laws of the United States or the laws of another territory or state of the United States that is insured by the federal deposit insurance corporation or the national credit union administration.
and (B)ORIGINAL AssignedSENATE toENGROSSED aFILE beneficiaryNO. of one (1) or more benefit plans for the purpose of funding the purchase SF0041 STATE OF WYOMING 26LSO-0329 of one (1) or more benefit plans, including but not limited to plans that provide health benefits, income replacement insurance, life insurance or retirement benefits.
5SF0041 (v)ENROLLED "PortableACT benefitNO. account provider" means the administrator of a portable benefit account and shall include:
930, (A)SENATE ASIXTY-EIGHTH bank;LEGISLATURE OF THE STATE OF WYOMING BUDGET SESSION (B) Assigned to a beneficiary of one (1) or more benefit plans for the purpose of funding the purchase of one (1) or more benefit plans, including but not limited to plans that provide health benefits, income replacement insurance, vision and dental insurance, life insurance or retirement benefits.
(v) "Portable benefit account provider" means the administrator of a portable benefit account and shall include:
(A) A financial institution;
(C) A technology provider or program manager that offers services through a bankfinancial institution or investment management firm;
3 SF0041 STATE OF WYOMING 26LSO-0329 (b) Any person, including but not limited to an independent contractor, internet-based company and application-based company, may voluntarily contribute funds to a portable benefit account for or on behalf of an independent contractor.
7 (c) Any contribution to a portable benefit account made under this section shall not be used as a criterion or factor for determining a person's employment classification,ORIGINAL includingSENATE aENGROSSED classificationFILE orNO. determination under W.S.
27-3-104.SF0041 ENROLLED ACT NO.
30, SENATE SIXTY-EIGHTH LEGISLATURE OF THE STATE OF WYOMING BUDGET SESSION classification, including a classification or determination under W.S.
27-3-104 or 27-14-102(a)(xxiii).
4 SF0041 STATE OF WYOMING 26LSO-0329 (ii) The written agreement for withholding funds or contributing employer funds is clear, unambiguous and prominently displayed in a work contract or separate agreement;
6 (iii) The withholdings are made only after an independent contractor opts in to the withholdings;
9 (iv) The independent contractor is authorized to opt out of the agreement at any time.time;
(v) A hiring party is authorized to opt out of the agreement with at least sixty (60) days of notice to the independent contractor.
5ORIGINAL SF0041SENATE STATEENGROSSED OFFILE WYOMINGNO. 26LSO-0329 Section 3.
3SF0041 (a)ENROLLED ExceptACT asNO. provided in subsection (b) of this section, this act is effective immediately upon completion of all acts necessary for a bill to become law as provided by Article 4, Section 8 of the Wyoming Constitution.
830, (b)SENATE SectionSIXTY-EIGHTH 1LEGISLATURE ofOF thisTHE actSTATE isOF effectiveWYOMING JulyBUDGET 1,SESSION 2026.Section 3.
(END)(a) SF0041Except as provided in subsection (b) of this section, this act is effective immediately upon completion of all acts necessary for a bill to become law as provided by Article 4, Section 8 of the Wyoming Constitution.
(b) Section 1 of this act is effective July 1, 2026.
(END) Speaker of the House President of the Senate Governor TIME APPROVED:
_________ DATE APPROVED:
_________ I hereby certify that this act originated in the Senate.
Chief Clerk 4
Amendments
2 amendments- Amendment SF0041HS001 (Standing Committee) - House Corporations, Elections & Political Subdivisions Committee (Adopted) Adopted Show changes
- Amendment SF0041SS001 (Standing Committee) - Senate Labor, Health and Social Services Committee (Adopted) Adopted Show changes
Click Show changes on an amendment above to see how it modifies the bill.
Action History
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Governor Signed SEA No. 0030
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Assigned Chapter Number 63
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S President Signed SEA No. 0030
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H Speaker Signed SEA No. 0030
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S Concur:Passed 31-0-0-0-0
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Assigned Number SEA No. 0030
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H 3rd Reading:Passed 60-0-2-0-0
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S Received for Concurrence
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H 2nd Reading:Passed
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H07 - Corporations:Recommend Amend and Do Pass 7-0-2-0-0
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H Placed on General File
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H COW:Passed
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H Introduced and Referred to H07 - Corporations
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S 3rd Reading:Passed 30-1-0-0-0
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H Received for Introduction
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S 2nd Reading:Passed
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S COW:Passed
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S10 - Labor:Recommend Amend and Do Pass 5-0-0-0-0
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S Placed on General File
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S Introduced and Referred to S10 - Labor 29-1-1-0-0
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S Received for Introduction
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Bill Number Assigned
Sponsors
- Jared Olsen · Primary
- Barry Crago · Cosponsor
- Brian Boner · Cosponsor
- JD Williams · Cosponsor
- Lee Filer · Cosponsor
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 4 co-sponsors · 88 not signed on
Sponsors (1)
- Jared Olsen Republican
Co-sponsors (4)
- Barry Crago Republican
- Brian Boner Republican
- JD Williams Republican
- Lee Filer Republican
Not signed on (88)
88 members have not signed on to this bill.
Show all 88 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Subjects
Frequently asked questions
- What does SF 41 do?
- Portable benefit accounts are accounts that independent contractors may open to receive funds for purchasing insurance and funding retirement benefits on the independent contractor's behalf. This act authorizes the use of portable benefit accounts by independent contractors. Portable benefit accounts are administered by portable benefit account providers, which the act defines as financial institutions, investment management firms and any other person that demonstrates to the State Banking Commissioner's satisfaction that the person will administer the account in accordance with law. The act specifies that any person, including independent contractors, may voluntarily contribute funds to a portable benefit account for or on behalf of an independent contractor. Any contribution to a portable benefit account is not a determining factor in considering whether a person is an employee or an independent contractor. The act provides that contributions to portable benefit accounts may be made using the funds of a hiring party or withheld from funds owed to an independent contractor under specified conditions, including a written agreement for the withdrawal or withholding of funds that is clear and unambiguous. The act requires the Department of Workforce Services to promulgate rules to implement this act. Comments: This act has a split effective date. Provisions concerning rulemaking are effective immediately, while the substantive portion of the act is effective on July 1, 2026.
- Who sponsors SF 41?
- SF 41 is sponsored by Jared Olsen (Republican), Barry Crago (Republican), Brian Boner (Republican), JD Williams (Republican), and Lee Filer (Republican).
- What is the current status of SF 41?
- This bill has been enacted into law. Introduced January 13, 2026. Enacted.
- Where can I track SF 41?
- Track SF 41 free on One Click Politics — get push/email alerts when it moves.
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