Demonstrators clash with police officers during a protest in Aurora, Colorado, on June 27. Photo: Andy Cross/MediaNews Group/The Denver Post via Getty Images

The Business Roundtable called on Congress in a statement Wednesday to pass a police reform bill before its August recess.

Why it matters: The announcement by Business Roundtable, made up of CEOs of America’s 193 largest companies, reflects the rising pressure on corporations — from values-centric employees, shareholders and customers — to take stands on controversial public issues they once would have avoided.

The big picture: The business group issued a list of recommendations as Republicans and Democrats compete over differing police reform bills.

  • It recommends that Congress invest in community policing programs and creates a national police misconduct registry to catalog officer disciplinary records, which it believes will promote public accountability.
  • It also backs establishing a minimum national standard on the use of lethal and non-lethal force, banning chokeholds and carotid holds — except when deadly force is warranted — and creating higher standards for the use of no-knock warrants.

What they're saying: “Corporate America cannot sit this one out,” AT&T CEO Randall Stephenson said in a statement. "CEOs are leaning forward and saying 'We have a problem.' You cannot watch the George Floyd video and say 'we don't have a problem.'"

  • "There's a national outcry for reform. With these policy recommendations as a starting point for possible bipartisan consensus, we call on all Members of Congress to act in urgency and get something done and signed into law before August."

Go deeper: The major police reforms that have been enacted since George Floyd's death

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JPMorgan commits $30 billion to fight the racial wealth gap

Data: Fortune 500, Axios analysis of company statements, get the data; Chart: Andrew Witherspoon, Naema Ahmed/Axios

JPMorgan Chase announced Thursday a $30 billion investment over the next five years that the company says will address some of the largest drivers of the massive wealth gap between Black and white Americans.

  • The commitment makes the bank by far the largest monetary contributor to efforts by businesses to fight systemic inequality and racism in the U.S.
Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Chris Christie: Wear a mask "or you may regret it — as I did" — Senate Democrats block vote on McConnell's targeted relief bill.
  2. Business: New state unemployment filings fall.
  3. Economy: Why the stimulus delay isn't a crisis (yet).
  4. Health: FDA approves Gilead's remdesivir as a coronavirus treatment How the pandemic might endMany U.S. deaths were avoidable.
  5. Education: Boston and Chicago send students back home for online learning.
  6. World: Spain and France exceed 1 million cases.

Early voting eclipses 2016 total with 12 days until election

People stand in line to vote early in Fairfax, Virginia in September. Photo: Tasos Katopodis/Getty Images

Americans have cast more than 47.1 million ballots in the 2020 presidential election, surpassing the total early-vote count for 2016 with 12 days left until Election Day, according to a Washington Post analysis of voting data.

Why it matters: The election is already underway, as many states have expanded early and mail-in voting options because of the coronavirus pandemic.