An Act providing for proof of fidelity insurance and surety bonds by payroll processors; and imposing a penalty.

HB 1795 requires payroll processing businesses to provide proof of fidelity insurance and surety bonds. This bill directly affects payroll processors by mandating these financial safeguards to cover potential losses from errors or misconduct. The legislation also establishes penalties for processors who fail to meet these requirements. The bill is currently pending in the Labor & Industry committee.