New York State Legislature Passes Clean Slate Act To Aid Individuals With Past Criminal Convictions
Portfolio Pulse from Maureen Meehan
The New York State Legislature has passed the Clean Slate Act, which will automatically seal certain criminal records after a waiting period. The bill is intended to prevent discrimination against formerly incarcerated individuals and provide greater opportunities through increased job security and access to stable housing. Major companies like JPMorgan Chase (JPM) and Verizon (VZ) have endorsed the legislation, stating that it would boost the state's economy and make New York more competitive.
June 10, 2023 | 2:48 pm
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JPMorgan Chase endorsed the Clean Slate Act, which aims to boost the state's economy and make New York more competitive by increasing the labor pool.
JPMorgan Chase's endorsement of the Clean Slate Act shows their support for the legislation, but the direct impact on the company's stock price is uncertain. The act may contribute to a more competitive labor market in New York, which could benefit JPMorgan Chase indirectly.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Verizon endorsed the Clean Slate Act, which aims to boost the state's economy and make New York more competitive by increasing the labor pool.
Verizon's endorsement of the Clean Slate Act shows their support for the legislation, but the direct impact on the company's stock price is uncertain. The act may contribute to a more competitive labor market in New York, which could benefit Verizon indirectly.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50