Rep. Young Kim introduces bill to address organized retail crime

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House Small Business Innovation, Entrepreneurship and Workforce Development Subcommittee Ranking Member Young Kim (CA-39) introduced the Improving Federal Investigations of Organized Retail Crime Act (H.R. 7499), a bipartisan bill to help address organized retail crimes hurting retailers and endangering public safety.

According to a 2019 report by the Retail Industry Leaders Association and Buy Safe America Coalition, as much as $68.9 billion worth of products were stolen from retailers in 2019. Retail crime results in $125.7 billion in lost economic activity, over 658,000 fewer jobs that would have paid almost $39.3 billion in wages and benefits to workers. It also costs federal and state governments nearly $15 billion in personal and business tax revenues, not including the lost sales taxes.

The Improving Federal Investigations of Organized Retail Crime Act directs the…

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