Establishing a payment fund for freelance workers.

This bill would require the establishment of a fund that would advance payments to freelance workers. The fund would provide payments to a freelance worker if both the freelance worker and the hiring party agree in writing that the freelance worker has completed all required services and that the hiring party will pay to the payment fund the full amount that would be due to the freelance worker. The amount that the payment fund pays to the freelance worker would be reduced by a fee established by the fund. This would allow a freelance worker to receive payment earlier than the date payment would be due under the contract with the hiring party. The fund would not be required to make payments if either the freelance worker or the hiring party has previously engaged in fraudulent behavior related to the fund or failed to make required payments to the fund.