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MI to Weigh Ban on Stock Buybacks for Companies Receiving Tax Breaks Michigan Sen. Mallory McMorrow (D) introduced a bill ( SB 783 ) that would prohibit publicly traded companies receiving economic incentives...
VA House Passes Paid Sick Leave Bill Virginia’s House of Delegates approved a bill ( HB 5 ) that would expand the state’s current paid sick leave law, which applies only to a small segment...
VA Lawmakers Okay Prescription Drug Affordability Board Virginia lawmakers have passed legislation ( SB 271 / HB 483 ) that would create a prescription drug affordability board to review drug prices...
Geolocation data has become a new frontier in privacy protection. This year, Virginia could join Maryland and Oregon as the first states to prohibit the sale of information that provides the precise...
Insurance Bill Raises Concerns in FL A fast-moving bill ( SB 1028 ) in Florida, sponsored by Sen. Joe Gruters (R), chairman of the Senate’s Banking and Insurance Committee, would require Citizens...
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The Massachusetts House Labor and Workforce Development Committee scheduled a hearing last week on legislation (HB 3849) that would provide tax credits to businesses that join a pilot program to test a four-day work week. The bill specifies that a four-day work week is one in which “employees receive a meaningful reduction in actual work hours without any reduction in overall pay.” (CBS NEWS, STATE NET)
Businesses that have let their employees work remotely in recent years have experienced four times more revenue growth than companies that have been less flexible about office attendance, according to a study by Scoop Technologies Inc. and Boston Consulting Group. The study, which included 554 public companies employing nearly 27 million people, found that companies whose workforces are either completely remote or are able to choose when to go into the office increased sales 21% between 2020 and 2022, while companies with fully onsite or hybrid workforces increased sales 5% over that same period. (BLOOMBERG)
—Compiled by SNCJ Managing Editor KOREY CLARK
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