Enhances protections for child performer trust accounts and sets earnings percentages to be set aside.

The bill enhances protections for child performer trust accounts by establishing a tiered structure for setting aside gross earnings. Employers must transfer 20% of earnings up to $100,000, 25% of earnings between $100,000 and $250,000, and 30% of earnings exceeding $250,000. The child's guardian must establish the trust account, and the employer must transfer funds within 30 days of employment. The account can be terminated at age 18. Failure to comply will prevent the Department of Labor from renewing the child's permit to work.

Enhances protections for child performer trust accounts and sets earnings percentages to be set aside.

The bill enhances protections for child performer trust accounts by establishing a tiered structure for setting aside gross earnings. Employers must transfer 20% of earnings up to $100,000, 25% of earnings between $100,000 and $250,000, and 30% of earnings exceeding $250,000. The child's guardian must establish the trust account, and the employer must transfer funds within 30 days of employment. The account can be terminated at age 18. Failure to comply will prevent the Department of Labor from renewing the child's permit to work.