Comments on Pay Ratio Disclosure Rule

On behalf of the Retail Industry Leaders Association (RILA),1 the purpose of this letter is to respond to the Securities and Exchange Commission’s (“SEC’s” or “the Commission’s”) request for comments on the Commission’s proposed rule to implement the pay ratio disclosure requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank ).2 78 Fed. Reg. 60559 (Oct. 1, 2013).