WASHINGTON – The National Retail Federation today issued the following statement from President and CEO Matthew Shay after the House voted to approve a historic Bipartisan Infrastructure Deal, which will invest more than $550 billion in U.S. infrastructure over the next five years. The legislation now heads to the White House for President Biden’s signature.
“Retailers rely on the American infrastructure system to move billions of dollars’ worth of merchandise to communities across the country and around the globe every day. A healthy and efficient transportation system is vital to the success of thousands of retail businesses.
“This substantial influx of investment in our roads, ports, bridges and other core infrastructure will further enable businesses to meet burgeoning consumer demand and promote economic growth. 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 can withstand future disruptions.”
Earlier this month, NRF launched a six-figure television, radio and digital ad campaign urging Congress and the Biden administration to pass bipartisan infrastructure legislation. Learn more at nrf.com/bif.
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. nrf.com