For Immediate Release
July 17, 2013
Stephen E. Schatz (202) 626-8119
NRF recently testified before the House Energy and Commerce Subcommittee on Oversight and Investigations, where it called on the Administration and Congress to delay the health care reform law to provide businesses and employers more time to adapt their systems. Soon thereafter, the Administration announced its intention to delay the employer mandate requirements for one-year.
“We welcome this delay as an opportunity to improve our [members’] compliance efforts and for the exchanges to implement the complex interplay of reporting and verification to make subsidy eligibility and penalty determination possible,” the lettersaid. “NRF also welcomes this Congressional effort to clearly and directly delay the requirements, thus underlining the existing Administration commitment.”
As the world’s largest retail trade association and the voice of retail worldwide, NRF represents retailers of all types and sizes, including chain restaurants and industry partners, from the United States and more than 45 countries abroad. Retailers operate more than 3.6 million U.S. establishments that support one in four U.S. jobs – 42 million working Americans. Contributing $2.5 trillion to annual GDP, retail is a daily barometer for the nation’s economy. NRF’s This is Retail campaign highlights the industry’s opportunities for life-long careers, how retailers strengthen communities at home and abroad, and the critical role that retail plays in driving innovation. www.nrf.com