Dive Summary:

• On Tuesday the Obama administration announced it will delay a provision of the Affordable Care Act which required businesses employing greater than 50 staff members to provide healthcare coverage to employees.
• The National Retail Federation publicly praised the decision which will delay highly-anticipated new law throughout the U.S. until at least 2015.
• "We have heard concerns about the complexity of the requirements and the need for more time to implement them effectively," Mark Mazur, assistant Treasury secretary said in a statement.

From the article:

"We commend the administration's wise move to delay the employer reporting and penalty obligations under the Affordable Care Act," said National Retail Federation President Neil Trautwein in a statement. "This one-year delay will provide employers and businesses more time to update their health care coverage without threat of arbitrary punishment."