. controversially had their grants rescinded. Most significantly, recipients were not required to repay the funding as long as they used saidfunds no later than March of 2023. She said while PPP was the life line, RFF was recovery; and after 18 months of holding on, recovery is critical. Write CSS OR LESS and hit save. In June 2021, Sens. (2023). The Restaurant Revitalization Fund Replenishment Act of 2021 would more than double the original $28.6 billion of relief for restaurants and was introduced as a bipartisan effort again by Sens. 3807. In his statement to Nations Restaurant News, Blumenauer explains that the independent restaurant is the foundation of a livable community. She waited for the deposit. Connect with Andreas Koutsoudakis on LinkedIn. Web page addresses and e-mail addresses turn into links automatically. Legislation not passed by the end of a Congress is cleared from the books. This is a developing story and will be updated with the results of the House vote Thursday. Last Friday, in a 223-203 vote, the U.S. House of Representatives voted yes to replenishing the infamous Restaurant Revitalization Fund (RRF) after more than a year of negotiations. This bill was introduced in the 117th Congress, which met from Jan 3, 2021 to Jan 3, 2023. May 24th the RRF stopped accepting applications due to having received a number of requestsrepresenting nearly double what Congress had financially allocated. The bill will be partially funded by all funds recovered, seized, reclaimed, or otherwise returned from unused monies from 2020 and 2021 pandemic relief programs, including criminals that fraudulently stole billions in relief funds meant for small businesses, as outlined by President Biden last month. check that your profile has your current email address before its too late. Visit us on Mastodon Permalink: https://www.sbc.senate.gov/public/index.cfm/2022/5/cardin-deeply-disappointed-by-failed-senate-vote-on-rrf-replenishment, 428A Russell Senate Office Bldg, Washington, D.C. 20510 | P: (202) 224-5175 | F: (202) 224-5619, U.S. Committee on Small Business & Entrepreneurship, Cardin Deeply Disappointed By Failed Senate Vote on RRF Replenishment, https://www.sbc.senate.gov/public/index.cfm/2022/5/cardin-deeply-disappointed-by-failed-senate-vote-on-rrf-replenishment. The SBA estimates that they need at least an additional $50 billion just to fund the applications submitted before the application portal was closed. This is the one from the 117th Congress. Young Americans have historically been the least involved in politics, despite the huge consequences policies can have on them. We love educating Americans about how their government works too! Were looking to learn more about who uses GovTrack and what features you find helpful or think could be improved. 4568, the ENTRE Act This is part of a new project to develop better tools for bringing real-time legislative data into the classroom. Business is still down about 75 percent from pre-pandemic. This is quite the landmark decision, surprising many after months of legislative and political dead ends, and will be sure to bring relief to millions of small operators that were not able to access funds during the first round of the RRF. 1996-2023. But facing what he characterized as a nearly 90 percent reduction in business due to the pandemic, Tortilla Coast owner and Chef Geoff Tracy faced closure of the restaurant in July 2020. The Restaurant Revitalization Fund Replenishment Act of 2021. Related: The Senate proposed a $48 billion Restaurant Revitalization Fund replenishment. Then came Jan. 6, 2021. During the first 21 days of the program, priority was given to eligible small businesses owned and controlled by women, veterans, and certain racial and cultural groups with limited financial resources. to replenish the Restaurant Revitalization Fund (RRF) and provide relief to small businesses in other hard-hit industries, including gyms, minor league sports, buses and ferries, among others. All Info for H.R.3807 - 117th Congress (2021-2022): Restaurant Revitalization Fund Replenishment Act of 2021 Add a note about this bill. Registered in England and Wales. | 2 p.m. When and How to Prune A Prolific Fig Tree? We must work quickly to replenish this critical relief program and ensure all local restaurants get the support needed to keep their doors open, pay their staff, and support the industrys trillion-dollar supply chain that impacts every sector of our economy.. The legislation has still not been voted on but it was . The RRF officially closed earlier in July after it had eligible applicants request more than $72 billion in funds far more than the $28.6 Congress had approved for the program. on Apr 11, 2022. Chef Geoff Tracy was one of the lucky ones. The legislation would be enough to cover grants requested by the restaurants and bars that applied for the Restaurant Revitalization Fund during the first round of relief last May, of which only one-third of applicants were funded. Feb 20, 2023. That legislation would reportedly give food & beverage establishments $40 billion in relief, with another $8 billion going to non-F&B establishments affected by the pandemic. The National Restaurant Association conducted a study earlier this year that found that 96% of RRF recipients said the grant made it more likely they would stay in business during the pandemic, and 92% of recipients said it helped them pay expenses or debt that accumulated since the start of the COVID-19 pandemic in March 2020. This legislation was first introduced in February of this year, and aimed to inject $48 billion into the RRF in order to also fund a second wave. Read Updated Text /sites/all/themes/penton_subtheme_nrn/images/logos/footer.png, The U.S. House of Representatives is likely to vote on a $55 billion small business aid package that would distribute $42 billion to the restaurant industry, 2023 Informa USA, Inc., All rights reserved, Denny's raises over $1.2 million to fight childhood hunger in 12th annual No Kid Hungry fundraiser, Bojangles names Tom Boland as new chief marketing officer, Baskin-Robbins rolls out chicken-and-waffle flavored ice cream, How Jersey Mike's is becoming 'America's sandwich shop', Nations Restaurant News launches new CREATE Roadshow event series, San Diegos Trust Restaurant Group drives retention, innovation with culture of yes, Tech Tracker: Restaurant QR codes are evolving and so should yours, Restaurant Revitalization Fund is dropped from omnibus spending bill as hope for relief dwindles, Restaurant Revitalization Fund efforts ramp up again as time is ticking for restaurant relief, Restaurant Revitalization Fund Replenishment Act, Allowed HTML tags:

. See Changes . The Restaurant Revitalization Fund Replenishment Act (H.R.3807/S.2091) would add an additional $60 billion to the RRF and ensure that the businesses who qualified and applied will receive a grant. Would you like to join our advisory group to work with us on the future of GovTrack? 2021 National Restaurant Association. Web page addresses and e-mail addresses turn into links automatically. Summary: H.R.3807 117th Congress (2021-2022) All Information (Except Text) Listen to this page There are 2 summaries for H.R.3807. The closure of Capitol Hill would be just another bummer.. This information is the most up to date news available as of the date posted. The neighborhood retaurant is the quintessential building block of a livable community, he said. Launched in 2004, GovTrack helps everyone learn about and track the activities of the United States Congress. According to the Houses decision, if this legislation is passed by the Senate, it will be bolstered by the Senates own piece of legislation. The House is expected to vote on the bill, which has a mix of 234 Democratic and Republican sponsors, this week. Please help us make GovTrack better address the needs of educators by joining our advisory group. I cant pay my bills with money I dont have. Kyrsten Sinema (D-AZ) and Roger Wicker (R-MS) and Reps. Earl Blumenauer (D-PA) and Brian Fitzpatrick (R-PA). But starting in January, the White Housebegan casting doubtsthat any of these pieces of legislation would ever get passed, stating that the Biden administration is looking to the future as the economy is booming. Its just another in a series of blows, he said. (Washington, D.C.) U.S. Senate Committee on Small Business & Entrepreneurship Chair Ben Cardin (D-Md.) However, in March Senate Small Business chair Ben Cardin (D-Maryland) confirmed that restaurant reliefhad been droppedfrom the Congressional omnibus spending bill. Please sign up for our advisory group to be a part of making GovTrack a better tool for what you do. Utagawa is a partner in the Daikaya Group, which has three restaurants in the District,nincluding ramen bar Hatoba (300 Tingey St. For more information, visit Restaurant.org and find @WeRRestaurantson Twitter, Facebook and YouTube. For many people its their first job, its an opportunity for business to be established, particularly for women and minorities, and its an opportunity for people to come together.. The authors of this legislation put safeguards in place to assure the transparency of the funding process, like enhanced auditing requirements to prevent fraud and new requirements to ensure that the SBA will share information on the process to the public. WASHINGTON, May 19, 2022 /PRNewswire/ -- Today, the U.S. Senate failed to advance the Small Business COVID Relief Act of 2022 (S. 4008), ending the possibility of replenishing the Restaurant. All that might be gone. Daisuke Utagawa of the Daikaya Group in discussion with Rep. David Phillips (MN-D) prior to the Tortilla Coast event. Both political parties agreed that the RRF should be replenished but couldn't reach a consensus on how to pay for it. We sponsor the industry's largest trade show (National Restaurant Association Show); leading food safety training and certification program (ServSafe); unique career-building high school program (the NRAEF's ProStart). Hill restaurants that have struggled through the pandemic and increased security after Jan. 6 now face an additional hurdle that could have twice the impact. Some restaurant operators are a step closer to receiving federal COVID-19 aid after the U.S. House of Representatives voted today to pass a $42 billion bill to replenish the Restaurant Revitalization Fund (RRF). It broke my heart to hear about the people that has been notified that [their grant request] had been accepted and then they were just cut off.. This legislation was first introduced by Congress in June of 2021, and aimed to inject $60 billion into the RRF to fund a much-needed second wave of the RRF. With the looming threat of another variant and growing challenges of inflation for both operators and consumers, the economic boost RRF could provide for those 177,000 restaurants would reach far into our communities, says Sean Kennedy, executive vice president of Public Affairs for the National Restaurant Association, in a press release. When the RRF portal closed in May, small businessrestaurantowners all wanted to know whats next for their pending applications, Sean Kennedy, executive vice president of public affairs for the National Restaurant Association said in a statement. Its a very weird place to do business these days. Earlier this week, ahead of todays vote, the National Restaurant Association issued another letter to Congress, encouraging passage of RRF fund replenishment, saying 20% of restaurants currently are threatened by economic conditions. Informations sur votre appareil et sur votre connexion Internet, y compris votre adresseIP, Navigation et recherche lors de lutilisation des sites Web et applications Yahoo. Even though customers are starting to dine out once more, a few weeks of business as usual does not make up for 15 months of lost revenue. "With the looming threat of another variant and growing challenges of inflation for both operators and consumers, the economic boost RRF will provide for those 177,000 restaurants would reach far into our communities," Sean Kennedy, NRA's executive vice president of public affairs, wrote in the letter. Now, the bill will be passed intothe Senates hands where the current GOP opposition will be much harder to overcome. Members of Congress need to hear from you about your support for the Restaurant Revitalization Fund Replenishment Act. |date=June 11, 2021 In total, more than 372,000 businesses applied during the first three weeks that the initial RRF application portal was open, requesting more than $76 billion in funds. The U.S. House of Representatives voted yes on a bill Thursday that would provide $42 billion in relief to foodservice businesses that originally applied for the Restaurant Revitalization Fund, and. Tracy said he still isnt sure exactly why they qualified over anyone else. This latest effort could be restaurants last hope of passing another round of relief for the industry. (Sponsor) today issued a statement after the U.S. Senate failed to meet the 60-vote threshold needed to proceed to a debate on S.4008. The new hire in the Americas brings over 18 years of relevant experience to the role. 3807, 117th Cong.. {{cite web But only one of her restaurants, Tail Up Goat, received RFF. It quickly ran out of money, leaving 177,000 restaurants and bars unfunded. At least 20 states still have COVID-era restrictions in place for restaurants. May 3rd the RRF began accepting applications. For the 177,000 restaurants that are still awaiting RRF support, these challenges are compounded by more than six months of competitive disadvantages these restaurants face from those that received an RRF grant, Kennedy said. 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