Kenneth A. Rosenberg and Asad Rizvi authored the Law360 article, "Gov't Contractor Sick Leave Rule Likely Excludes Banks."
Banks and financial institutions have wondered for months whether they would be subject to Executive Order 13706, which requires certain federal contractors to provide their employees with up to seven calendar days of paid sick leave.
Our analysis of recent federal rulemaking strongly suggests that banks will not be subject to the federal paid sick day rules, except in very limited circumstances, because of how the term "government contractor" has been defined in similar contexts.
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Originally published by Law360
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