NRF Applauds Introduction of the JOLT Act

Thu Mar 21, 2013 1:57pm EDT

* Reuters is not responsible for the content in this press release.

Bill Would Increase Foreign Tourists and Shoppers to the United States
WASHINGTON--(Business Wire)--
The National Retail Federation today released the following statement from NRF
President and CEO Matthew Shay in support of the Jobs Originated Through
Launching Travel (JOLT) Act: 

"With the average international tourist spending well over $4,000 shopping in
our stores, staying at our hotels, and eating at our restaurants, efforts aimed
at encouraging more foreign travel is a simple way to spur economic growth and
job creation. This is especially true in the retail industry. 

"By expanding the Visa Waiver Program to cover more citizens from emerging
economies and markets like Argentina, Brazil, Chile, Israel, and Poland, and
reforming our antiquated visa review and approval processes, the JOLT Act will
work to entice more foreign travelers and shoppers to our shores. 

"The Obama Administration has made great strides in reducing visa wait times
over the past year but more can be done to tap into the hundred billion dollar
international tourism and travel market. 

"Just as our retail customers won`t wait in line forever to make a purchase,
foreign travelers won`t wait long to enter the United States. Our visa system
needs to be secure, simple and expedient." 

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 Retail Means Jobs campaign emphasizes the economic importance of
retail and encourages policymakers to support a Jobs, Innovation and Consumer
Value Agenda aimed at boosting economic growth and job creation.

National Retail Federation
Stephen E. Schatz, 202-626-8119

Copyright Business Wire 2013