The Retail Industry Leaders Association (RILA) issued the following statement in response to an injunction issued late today by a federal judge blocking the implementation of new U.S. Department of Labor (DOL) overtime regulations.
"We welcome today's ruling. As RILA has argued since the final rule was announced earlier this year, the DOL over reached beyond their authority increasing the threshold too much, too fast," said Evan Armstrong, vice president for government affairs. "We will continue to monitor the appeal process with a focus on ensuring that employees are able to maintain the flexibility and upward mobility that they value."
RILA detailed its objections to the proposed rule in comments submitted to DOL last year.
RILA is the trade association of the world's largest and most innovative retail companies. RILA members include more than 200 retailers, product manufacturers, and service suppliers, which together account for more than $1.5 trillion in annual sales, millions of American jobs and more than 100,000 stores, manufacturing facilities and distribution centers domestically and abroad.