[Update (2/17/26): New York’s Trapped at Work Act—Governor Signs Amendment into Law]
On January 6, 2026, the New York Assembly introduced bill A9452 (Amendment), which would substantially amend the “Trapped at Work Act” (TAWA). As we explained here, TAWA prohibits all employers—including subsidiaries and contractors—from requiring current or prospective workers to sign employment-related promissory notes as a condition of employment.
Our colleague Lauri F. Rasnick put together “Five Documents That Financial Services Employers Should Revisit Now” in this month’s Take 5 newsletter. Below is an excerpt:
With summer here, including its long days and blazing heat, many thoughts may turn to beaches, sunshine, and lazy afternoons. The summer may also be a good time for employers—especially those in the financial services sector—to take stock of some of their more important employment documents. In light of recent developments, this month's Take 5 discusses five employment documents worth ...
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