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Retailers encouraged by Key Provisions in HEALS Act

PRESS RELEASE

By Partner

Aug 3, 2020

The National Retail Federation issued the following statement from NRF Senior Vice President for Government Relations David French regarding the Health, Economic Assistance, Liability Protection, and Schools (HEALS) Act, the Republican version of additional stimulus funds, in response to the coronavirus pandemic:

While understanding that the HEALS Act introduced by Majority Leader McConnell has a long way to go before Congress agrees to a final compromise, we are very pleased to see the targeted and temporary liability protection for businesses and schools as well as a package of economic stimulus provisions through direct aid to individuals and a hybrid extension of enhanced federal unemployment insurance. These important steps will continue progress toward sustaining the reopening of the economy. Also, allowing eligible businesses to take a second Paycheck Protection Program loan addresses the uncertain length of the crisis and the package includes critical tax provisions that will help offset the enormous costs of personal protective equipment and allow more businesses to utilize the enhanced employee retention credit.

About NRF
The National Retail Federation, the world’s largest retail trade association, passionately advocates for the people, brands, policies and ideas that help retail thrive. From its headquarters in Washington, D.C., NRF empowers the industry that powers the economy. Retail is the nation’s largest private-sector employer, contributing $3.9 trillion to annual GDP and supporting one in four U.S. jobs — 52 million working Americans. For over a century, NRF has been a voice for every retailer and every retail job, educating, inspiring and communicating the powerful impact retail has on local communities and global economies.

Author: National Retail Federation

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