Amends TCA Title 50 and Title 65, Chapter 15, Part 3.

Tennessee SB1377 enacts the "Voluntary Portable Benefit Plan Act," allowing public and private entities, including internet-based companies, to voluntarily contribute to a portable benefit account for independent contractors as a form of compensation. The bill affects independent contractors by enabling them to opt-in to contributions for benefits such as health insurance and retirement, while ensuring that such contributions do not influence their employment classification. Key provisions include the requirement for written agreements regarding contribution withholdings and the removal of the stipulation that marketplace platforms cannot provide insurance benefits to contractors.