DC Mayor Vetoes Wage Bill Aimed At Big-Box Stores

Law360, New York (September 12, 2013, 4:42 PM EDT) -- Washington Mayor Vincent Gray on Thursday vetoed the Large Retailer Accountability Act, which would require large retailers such as Wal-Mart to pay workers well over the city’s minimum wage, saying the flawed bill would deal a huge blow to economic development.

In a letter to Councilman Phil Mendelson, who introduced the bill, Gray said although he felt the bill was well-intentioned, it would not have addressed the city’s underlying employment problems and would have been a setback in the District’s efforts to grow and diversify its...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.