Retailers Give Mixed Review to Latest Actions in Washington
The globe’s largest retail trade group, The National Retail Federation, has offered a mixed review of two key Biden Administration, Capitol Hill moves over the last week. The House passage of a $1.2 trillion bipartisan infrastructure bill Friday night was lauded by the NRF, which sees the investments as key to further enabling businesses “to meet burgeoning consumer demand” to promote economic growth. Key components of the legislation, which contains $550 billion in new spending over the next five years, include $17 billion in port infrastructure investments, $110 billion for roads, bridges and other repairs and $66 billion for rail services.
“The prioritization of our nation’s fundamental transportation network will mitigate many of the supply chain challenges businesses are experiencing today and will pave the way for a 21st century infrastructure system that withstand future disruptions,” the NRF wrote.
A day earlier, the trade organization was critical of new Occupational Safety and Health Administration (OSHA) standards that will require all employers with 100 or more employees to ensure their workers are vaccinated or tested weekly for COVID-19. The new regulations take effect on Jan. 4, 2021.
“It is critical that the rule not cause unnecessary disruption to the economy, exacerbate the preexisting workforce shortage or saddle retailers, who are already taking considerable steps to keep their employees and customers safe, with needless additional requirements and regulatory burdens,” said the NRF in a statement.