Restaurants were extremely hard-hit by government-imposed shutdowns and other restrictions related to the COVID-19 pandemic. If not, they say some family-owned businesses will likely have to close. Association pushes for Congress to pass Restaurant Revitalization Fund Replenishment this week Washington, D.C. - The National Restaurant Association today sent a letter to Congressional leadership encouraging passage of Restaurant Revitalization Fund (RRF) Replenishment if the program comes up for a vote this week. On Thursday, the Senate voted down the Small Business COVID Relief Act of 202 2, which would've added . According to information from National Restaurant Association, more than 278,000 restaurants got funded $28.6 billion in aid with the first tranche of payments. August 2021. Roger Wicker (R-MS) and Kyrsten Sinema (D-AZ) introduced the Restaurant Revitalization Fund Replenishment Act in both chambers of Congress, which provides $60 billion in additional funding for the RRF. Nearly 60 restaurants in the Worcester area received a total of $13 million in aid from the Small Business Administration's Restaurant Revitalization Fund. Today, U.S. Press Release. $60B RRF Replenishment Act Introduced, 90-Second Update Jun 10, 2021 The Restaurant Revitalization Fund (RRF) has been an incredibly effective recovery tool for the restaurant industry, but for too many owners, the $28.6 billion in funding won't last long enough for them receive a dollar in disaster funding. In addition to restaurants, it also includes $13 billion for hard-hit small businesses such as retailers. This program will provide restaurants with funding equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical . Senator Chris Van Hollen (D-Md.) Congress authorized $28.6 billion for the Restaurant Revitalization Fund through the American Rescue Plan. The legislation has still not been voted on but it was . The bill's titles are written by its sponsor. That fund rescued many businesses as they were able to open back up in 2021. The bill's titles are written by its sponsor. Blumenauer is the co-author of the Restaurant Revitalization Fund Replenishment Act, a bill with bipartisan support in the House of Representatives and Senate that would inject $60 billion in new . This guide explains why restaurants need the RRF replenished in order to recover . The Build Back Better Act was passed by the House last Friday without the inclusion of the Restaurant Revitalization Fund Replenishment Act. Restaurant Revitalization Award Portal. The Independent Restaurant Coalition also revealed a Freedom of Information Act (FOIA) request demanding that the Small Business Administration (SBA . Within days of learning that the Restaurant Revitalization Fund was out of money, lawmakers from across the country and from both sides of the aisle came together to draft the Restaurant Revitalization Fund Replenishment Act. Senators press for more Restaurant . The U.S. Senate on Thursday ended the possibility of replenishing the Restaurant Revitalization Fund when a $48 billion bill to provide relief to small businesses hit by COVID restrictions could not generate enough votes to overcome a filibuster. The vote total on Thursday was 52 to 43. The Restaurant Revitalization Fund Replenishment Act of 2021 (RRFRA) was proposed on June 10 by a bipartisan group of lawmakers in the . The vote dashed hope of replenishing the Restaurant Revitalization Fund, which ran dry with 177,000 operators looking in from the outside. Restaurant Revitalization Fund (RRF) What Is It? However, this fund was quickly depleted, and many restaurants are still struggling to keep their doors open. The bill would have added $40 billion to the RRF, which would . The legislation was again introduced as a . Stephen Hightower, managing partner of City Group Hospitality in Baton Rouge, Louisiana, is pushing for the replenishment of the Restaurant Revitalization Fund. The bill provides an additional $42 billion in FY2021 for the Restaurant Revitalization Fund and gives priority to previous applicants who have not received a grant. July 22, 2021. Restaurant Revitalization Fund Replenishment Attempts Falter: While Congress has expressed bipartisan support for replenishing the depleted Restaurant Revitalization Fund ("RRF"), it has not been able to take action to do so. A hotly anticipated Senate vote on replenishing the Restaurant Revitalization Fund (RRF) with another $40 billion in direct aid for restaurants is now expected to be held this Thursday, May 19. There's also the Restaurant Revitalization Fund Replenishment Act of 2021, which would more than double the original $28.6 billion of relief for restaurants. 3807, the Restaurant Revitalization Fund Replenishment Act, calling for an additional $60 billion to be added to the fund. This program was designed to provide funding to restaurants and bars impacted by the pandemic. Restaurant Revitalization Fund Replenishment Act Introduced: On June 8, 2021, a bipartisan group of Senators and U.S. The Restaurant Revitalization Fund was established by the American Rescue Plan to provide$28.6 billion in funding to help restaurants and other eligible businesses remain open in the faceof pandemic-related hardships. 9009c (b) (2)) is amended— (1) in subparagraph (A)— (A) by striking "$28,600,000,000" and inserting "$70,600,000,000"; and Sponsor and status Earl Blumenauer Sponsor. 1. "These restaurant owners believed the creation of the Restaurant Revitalization Fund was a down payment, and that the Senate would complete the mission with this vote. The Restaurant Revitalization Fund Replenishment Act of 2021 would have added $42 million into the federal pandemic-era relief program, potentially throwing a life preserver to the beleaguered . The Senate is about to take a vote on whether or not to debate the issue. That fund rescued many businesses as they were able to open back up in 2021. Use of Funds Validation is now available for Restaurant Revitalization Fund awardees. We support Congressman Scalise working with his colleagues to consider dollars previously appropriated but unused to be redirected to this program so vital to our . A push is underway. The House passed . This bill addresses support for restaurants, arts and entertainment venues, and small businesses impacted by the COVID-19 pandemic. The average grant application was for just over $200,000. The House passed the Restaurant Revitalization Fund Replenishment Act on April 21, which includes billions in grant relief dollars to help struggling small businesses recover and serve their communities. More than 278,000 restaurants applied for RRF grants, with 101,000 applications funded before the $28.6 billion program was depleted. "These restaurant owners believed the creation of the Restaurant Revitalization Fund was a down payment, and that the Senate would complete the mission with this vote. Get Email Alerts and Updates; Blog - In Custodia Legis: Law Librarians of Congress; Resources. It should take place Monday or Tuesday, according to recent reports. History of the Restaurant Revitalization Fund The $28.6 billion RRF was created in March 2021, but the Small Business Administration closed it on June 30 once funding was exhausted. After last week's vote, the act will head . 3807: Restaurant Revitalization Fund Replenishment Act of 2021 Overview Summary Cosponsors Details Text Study Guide To amend the American Rescue Plan Act of 2021 to increase appropriations to the Restaurant Revitalization Fund, and for other purposes. Access to the portal will close July 14. As we recently shared, the NYC Hospitality Alliance is advocating hard with groups around the country to replenish the Restaurant Revitalization Fund which was quickly exhausted after the application opened, leaving countless restaurants, bars, caterers and others without the funding they need to survive and recover.. Now, the Restaurant Revitalization Replenishment Act will be introduced . The $28.6 billion fund, called the Restaurant Revitalization Fund, was designed to provide emergency assistance for bars and restaurants affected by the pandemic. . The Restaurant Revitalization Fund was underfunded compared to the demand. Restaurant Revitalization Grants (a) Appropriation . Slightly more than a third of the 278,000 eligible food businesses who applied for the Restaurant Revitalization Fund received money. The measure — dubbed the Restaurant Revitalization Fund Replenishment Act of 2021 — would add $42 billion to the SBA's pandemic-era relief program. The SBA estimates that they need at least an additional $50 billion just to fund the applications . The Ukrainian bill is likely to be wrapped up Monday, and following that on Tuesday or Wednesday, the Senate will vote to consider the Restaurant Revitalization Fund replenishment, which requires. On June 11, 2021, Congress introduced the Restaurant Revitalization Fund Replenishment Act of 2021 to replenish the fund with $60 billion. Washington, D.C. (May 19, 2022) - 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 Revitalization Fund (RRF). The Senator is a cosponsor of Restaurant Revitalization Fund Replenishment Act of 2021, legislation to provide the . The Restaurant Revitalization Fund Replenishment Act is gaining rapid bipartisan support as 223 members of the House of Representatives and 43 . W ith the beginning of the new year, Democrats have made it a resolution to renew calls for the replenishment of the Restaurant Revitalization Fund, a fund created to provide emergency financial . Restaurant Revitalization Fund was originally created when the American Rescue Plan Act was created and funded. Congress created the Restaurant Revitalization Fund to provide relief to restaurants, but the demand for the funds was far greater than the supply. We need Congress to act as soon as possible to replenish the Restaurant Revitalization Fund, which last March awarded $28.6 billion in federal aid to tens of thousands of hospitality businesses.Initial funds from the RRF, which is run by the federal government's Small Business Administration, have already been distributed and the program was underfunded to begin with. That's why some local restaurants hope the Senate will vote to replenish the Restaurant Revitalization Fund this week. In early April,. The SBA received requests for more than triple the allocated funds. Black Bear Value Fund's performance update for the month ended April 30, 2022. H.R.3807 - Restaurant Revitalization Fund Replenishment Act of 2021 117th Congress (2021-2022) | Bill Hide Overview . The Restaurant Revitalization Fund Replenishment Act of 2021 would have added $42 million into the federal pandemic-era relief program, potentially throwing a life preserver to the beleaguered . Update: Sens. The SBA said at. The RRF application portal closed on May . Dear Partners and Friends, Black Bear Value Fund, LP (the "Fund") returned +2.2%, net, in April and +4.1% for 2022. . Update on RRF Replenishment and More. There are currently two bills pending to replenish the funds, and on August 7, 2021, a group of Senators attempted . After months of political jockeying, the Restaurant Revitalization Fund is officially dead. This fund, however, ran out of money relatively quickly and restaurant owners have been asking for months for it to be . S. 2091: Restaurant Revitalization Fund Replenishment Act of 2021 Overview Summary Cosponsors Details Text Study Guide A bill to amend the American Rescue Plan Act of 2021 to increase appropriations to Restaurant Revitalization Fund, and for other purposes. Effort to refund federal Restaurant Revitalization program is underway. The SBA sent an email late Wednesday to Restaurant Revitalization Fund applicants announcing the end of the program. Last updated April 18, 2022 Update: And just like that, the replenishment of the Restaurant Revitalization Fund (RRF) may be alive again. The House passed . January 28, 2022 at 8:30 a.m. HARRISBURG — The Pennsylvania Restaurant & Lodging Association is asking Congress to replenish the Restaurant Revitalization Fund (RRF), which made grants available . With so many restaurants struggling . The vote is a devastating blow to the restaurant industry and small business operators. The SBA will disable access to the platform on July 14, 2021. Published May 19, 2022 Stefan Zaklin / Stringer / via Getty Images via Getty Images A bill that would refill the Restaurant Revitalization Fund with $40 billion failed to pass the Senate Thursday, dealing what could be a death blow for some struggling restaurants that didn't receive grants from the program. Recently, Reps. Earl Blumenauer (D-OR-3) and Brian Fitzpatrick (R-PA-1) and Sens. Nearly 177,000 eligible restaurants did not receive RRF grants as the program ran out of funds in a matter of weeks. Coons' and Carper's offices have confirmed to Delaware Business Times that they support the Restaurant Revitalization Fund Replenishment Act of 2021 and are awaiting Republican co-sponsors to join them in supporting the bill before they can formally be added by sponsor Sen. Krysten Sinema. The SBA estimates they need $43.6 billion to fund the unmet applications currently stuck in the RRF queue. On April 7, 2022, the House of Representatives passed legislation that would provide $42 billion for the replenishment of the RRF. Restaurant owners call on Congress to replenish Restaurant Revitalization Fund. Restaurants were extremely hard-hit by government-imposed shutdowns and other restrictions related to the COVID-19 pandemic. The bill provides an additional $42 billion in FY2021 for the Restaurant Revitalization Fund and gives priority to previous applicants who have not received a grant. His restaurants did not receive any . (a) Appropriation .—Section 5003 (b) (2) of the American Rescue Plan Act of 2021 ( 15 U.S.C. Representatives introduced legislation to replenish the Restaurant Revitalization Fund with a $60 billion second round of restaurant relief. The vote dashed hope of replenishing the Restaurant Revitalization Fund, which ran dry with 177,000 operators looking in from the outside. The vote total on Thursday was 52 to 43. 80,000 restaurants across the country have closed due to effects the pandemic. H.R. (D-MD) and Roger Wicker (R-MS), included $40 billion for RRF replenishment and $8 billion in support for other industries deeply impacted by the pandemic. The measure heads to the Senate next. We're now six months without RRF Replenishment progress. The sector still has myriad challenges ahead, but a glimmer of hope as Congress is expected to vote on further aid in the coming weeks—a $48 billion bill that would fully fund the Restaurant Revitalization Fund. More than 278,000 restaurants applied for RRF grants, with 101,000 applications funded before the $28.6 billion program was depleted. What is the Restaurant Revitalization Fund? Last week, the U.S. Small Business Administration (SBA) announced the program exhausted . The program's funding fell far short of the more than $72.2 . • The American Rescue Plan Act (ARPA) became public law on March 11, 2021 and established the RRF • ARPA appropriated $28.6 billion for RRF, authorizing SBA to award funds • The appropriations remain available until expended • Fund must be used for eligible uses no later than March 11, 2023 2 Lawmakers passed the bill mostly along party lines, 223-203. Sponsor and status Kyrsten Sinema Sponsor. According to information from National Restaurant Association, more than 278,000 restaurants got funded $28.6 billion in aid with the first tranche of payments. 2. It would provide another $60 billion to bars and restaurants in need. Today, Rep. Cindy Axne (IA-03) announced she is co-sponsoring bipartisan, bicameral legislation that will provide additional funding for the Restaurant Revitalization Fund (RRF) to ensure Iowa restaurants and their workers receive the aid they requested through COVID-19 relief programs created earlier this year. Scalise Joins Efforts to Replenish, Fix Restaurant Revitalization Fund (RRF) Program WASHINGTON, D.C. — Today, House Republican Whip Steve Scalise (R-La.) The program—the subject of ample criticism in recent weeks "Due to overwhelming demand, the SBA was unable to fund all qualified applications with the original appropriation provided . The American Rescue Plan Act established the Restaurant Revitalization Fund (RRF) to provide funding to help restaurants and other eligible businesses keep their doors open. By Jonathan Maze on May 19, 2022. announced he is joining the Entrepreneurs Need Timely Replenishment for Eating Establishments (ENTRÉE) Act as a cosponsor. All Applicants that do not fully expend award funds . There are currently two bills pending to replenish the funds, and on August 7, 2021, a group of Senators attempted . If not, they say some family-owned businesses will likely have to close. It's cosponsored by Missouri Democratic Congresswoman Cori Bush (D-St. Louis) and . On March 11, President Joe Biden signed the American Rescue Plan, a COVID-19 relief package that established a $28.6 billion Restaurant Revitalization Fund. Restaurant Revitalization Fund was originally created when the American Rescue Plan Act was created and funded. The Restaurant Revitalization Fund (RRF) has been an incredibly effective recovery tool for the restaurant industry, but for too many owners, the $28.6 billion in funding won't last long enough for them receive a dollar in disaster funding. An aid package aimed at replenishing a fund earmarked for restaurants, gyms and other businesses hard hit by the pandemic failed to advance to a vote in the U.S. Senate on Thursday. Only 34% of restaurants who applied for the federal Restaurant Revitalization Fund were able to receive financial assistance. According to the SBA, they received more than 278,000 applications by June 30 th, seeking more than $72.2 billion in funding. "It's not a guess, you will see thousands of restaurants close across . (D-MD) and Roger Wicker (R-MS), included $40 billion for RRF replenishment and $8 billion in support for other industries deeply impacted by the pandemic. After months of political jockeying, the Restaurant Revitalization Fund is officially dead. Congress created the Restaurant Revitalization Fund to provide relief to restaurants, but the demand for the funds was far greater than the supply. The Restaurant Revitalization Fund Replenishment Act of 2021 currently in Congress proposes adding another $60 billion in grants, but the if and when of its approval remains unknown. The RRF aimed to give restaurants funding equal to their pandemic-related revenue loss of up to$10 million per business. According to the SBA, they received more than 278,000 applications by June 30 th, seeking more than $72.2 billion in funding. We need Congress to act on the RRF Replenishment Act to provide the SBA with the funds they need to complete this important mission." There is no update yet on if or when Congress would vote on the second round of the Restaurant Revitalization Fund, which was introduced to Congress on June 9. Restaurant Revitalization Grants. HR 3807, the Restaurant Revitalization Fund Replenishment Act, calls to increase appropriations to the RRF. There are still thousands more who are still hoping that they can get the same kind of help. RRF Replenishment Brief. 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 Revitalization Fund (RRF). sent a letter to Senate leadership, urging action to revitalize the Restaurant Revitalization Fund in order to support local restaurants still struggling due to the COVID-19 Pandemic. By December 31, 2021, all Awardees are required to report through this application portal how much of their award has been used against each eligible use category. In February, I joined local Rochester area restaurateurs to announce my sponsorship of H.R. The Senate is about to take a vote on whether or not to debate the issue. In March, Rep. Axne voted to create the Restaurant Revitalization Fund as part of . UPDATES FROM THE Ways & Means Committee . H. R. 3807 AN ACT To amend the American Rescue Plan Act of 2021 to increase appropriations to the Restaurant Revitalization Fund, and for other purposes. The vote is a . WASHINGTON D.C. - Independent restaurant operators waiting on federal relief called for the government to release more information about the recently closed Restaurant Revitalization Fund (RRF) and pleaded with Congress to refill the program. The Small Business Administration closed the Restaurant Revitalization Fund grant program earlier in July after running out of money. Restaurant Revitalization Fund Replenishment Attempts Falter: While Congress has expressed bipartisan support for replenishing the depleted Restaurant Revitalization Fund ("RRF"), it has not been able to take action to do so. Short title This Act may be cited as the Relief for Restaurants and other Hard Hit Small Businesses Act of 2022. 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