Mar 26, 2020

Retailers welcome bipartisan CARES Act

The National Retail Federation issued the following statement from President and CEO Matthew Shay in response to the Senate’s expected vote on stimulus legislation intended to ease the economic impact of the coronavirus pandemic:

“Retailers big and small and the associates they employ appreciate the efforts by leaders in the House and Senate and by President Trump to successfully negotiate the CARES Act and moving rapidly to make it law. Companies that were investing, growing and contributing to a vibrant economy just a few weeks ago have been thrust into survival mode through no fault of their own. They need a bridge to get through this turbulent time and back to the business of job creation and economic prosperity for their workers and the customers they serve. These companies are hurting and need help immediately. As we move forward, what we need is quick action and flexible relief, not further delay and restrictions. We need to move now.”