2020-06-18 (3) CONVERSION TO LOAN.—Any grant amounts received by an eligible entity under this section that are unused after December 31, 2020, shall be immediately converted to a loan with—, (g) Taxability.—For purposes of the Internal Revenue Code of 1986—. (b) Designation in senate.—In the Senate, this Act is designated as an emergency requirement pursuant to section 4112(a) of H. Con. Bill summaries are authored by CRS. (. The Independent Restaurant Coalition, formed during the pandemic, pushed Congress hard for the $28.6 billion revitalization fund. (A) that the uncertainty of current economic conditions makes necessary the grant request to support the ongoing operations of the eligible entity; (B) acknowledging that funds will be used to retain workers and maintain payroll or for other allowable expenses described in subsection (e); (C) that the eligible entity does not have an application pending for a grant under subsection (a)(36) or (b)(2) of section 7 of the Small Business Act (15 U.S.C. [chamberOfAction] => House (3) NO DUPLICATION OF BENEFITS.—An eligible entity that received a loan under section 7(a)(36) of the Small Business Act (15 U.S.C. [chamberOfAction] => Senate (b) Registration.—The Secretary shall register each grant awarded under this section using the employer identification number of the eligible entity. Restaurant Hospitality contacted the bill’s original author Rep. Earl Francis Blumenauer (D-Or.) United States of America in Congress assembled. (1) AFFILIATED BUSINESS.—The term “affiliated business” means a business in which an eligible entity has an equity or right to profit distributions of not less than 50 percent, or in which an eligible entity has the contractual authority to control the direction of the business, provided that such affiliation shall be determined as of any arrangements or agreements in existence as of March 13, 2020. A bipartisan bill introduced in both houses of Congress last month called the RESTAURANTS Act 2020 would provide $120 billion in grants to assist restaurateurs to rehire workers and for other operating expenses. (4) FUND.—The term “Fund” means the Restaurant Revitalization Fund established under section 3. The bill would allow restaurants and other food service businesses with fewer than 20 units to apply for up to $10 million to help cover COVID-19 … President Joe Biden has said he supports such a hike, which would over time double the current $7.25 federal minimum wage. IN THE HOUSE OF REPRESENTATIVES Mr. BLUMENAUER introduced the following bill; which was referred to the Committee on llllllllllllll A BILL To establish a … The Independent Restaurant Coalition asked Congress on Monday night to support the latest version of the HEROES Act. According to the IRC, an economic analysis of the proposal revealed that the proposed $120 billion in grants could potentially create $271 billion in economic benefits to the U.S. economy. (5) PAYROLL COSTS.—The term “payroll costs” has the meaning given the term in section 7(a)(36)(A) of the Small Business Act (15 U.S.C. 636) for the same purpose and duplicative of amounts applied for or received under this section. Monies from this fund are to be paid as … 636(a)(36)(A)). (ii) as of March 13, 2020, owns or operates (together with any affiliated business) more than 20 locations, regardless of whether those locations do business under the same or multiple names. (6) SECRETARY.—The term “Secretary” means the Secretary of the Treasury. 793. (H) Debt obligations to suppliers that were incurred before the covered period. Be it enacted by the Senate and House of Representatives of the Foltz’s plate, just one among dozens and dozens placed on Congress’s front yard Monday, were part of the latest gambit from the industry to get lawmakers to pass the Restaurants … [actionDate] => 2020-06-15 The advocacy event, which featured restaurant workers and owners speaking about their experiences with the minimum wage, comes as Democrats in Congress are grappling with how to get a bill approving a $15-per-hour wage to the president’s desk. That means there are other bills with the number H.R. Mr. Wicker (for himself, Ms. Sinema, Mr. Graham, and Mr. Coons) introduced the following bill; which was read twice and referred to the Committee on Finance. Search the world's information, including webpages, images, videos and more. Arizona Sen. Kyrsten Sinema, a Democrat, is the lead Senate sponsor along with Mississippi Sen. Roger Wicker, a Republican. Real Economic Support That Acknowledges Unique Restaurant Assistance Needed To Survive Act of 2020 or the RESTAURANTS Act of 2020. In June, U.S. Rep. Earl Blumenauer, D-Ore., introduced the RESTAURANTS Act of 2020, shorthand for Real Economic Support That Acknowledges Unique Restaurant Assistance Needed To … Array (ii) a maturity date of 10 years beginning on January 1, 2021. Bill Would Help Independent Restaurants U.S. Rep. Earl Blumenauer (D-OR), a senior member of the House Ways and Means Committee, has introduced a bill which calls for a $120 billion restaurant stabilization grant program to help independent restaurants deal with the long-term challenges of the COVID-19 pandemic. (c) Use of funds.—The Secretary shall use amounts in the Fund to make grants described in section 4. (A) means a restaurant, food stand, food truck, food cart, caterer, saloon, inn, tavern, bar, lounge, or other similar place of business in which the public or patrons assemble for the primary purpose of being served food or drink; (B) includes an entity described in subparagraph (A) that is located in an airport terminal; and, (C) does not include an entity described in subparagraph (A) that—, (i) is part of a State or local government facility; or. (D) that, during the covered period, the eligible entity has not received amounts under subsection (a)(36) or (b)(2) of section 7 of the Small Business Act (15 U.S.C. Summary of H.R.7197 - 116th Congress (2019-2020): RESTAURANTS Act of 2020 Here are the steps for Status of Legislation: To establish a $120,000,000,000 Restaurant Revitalization Fund to provide structured relief to food service or drinking establishments through December 31, 2020, and for other purposes. “New Jersey’s normally bustling restaurant and hospitality industry helps drive … (ii) walls, floors, deck surfaces, furniture, fixtures, and equipment. [displayText] => Introduced in Senate The Independent Restaurant Coaliton (IRC) unveiled a new relief plan on Thursday dedicated to aiding struggling restaurateurs. [externalActionCode] => 10000 The RESTAURANTS Act was included in a $2.2 trillion coronavirus relief bill The U.S. House of Representatives today approved the RESTAURANTS Act, a $120 billion restaurant relief bill introduced by U.S. Rep. Earl Blumenauer (D-OR). for further information on the newly proposed restaurant relief program but did not receive a response in time for publication. Bills numbers restart every two years. Google has many special features to help you find exactly what you're looking for. 933(g)). In GovTrack.us, a database of bills in the U.S. Congress. A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law. 636(a)(36)) may not apply for or use grant amounts under this section for the same expenses for which the eligible entity received the loan. (a) In general.—The Secretary shall award grants to eligible entities in the order in which applications are received by the Secretary. 4. Besides providing direct relief for independent restaurants, the bill … (CR. (a) In general.—There is established in the Treasury of the United States a fund to be known as the Restaurant Revitalization Fund. 6 ) SECRETARY.—The term “ Secretary ” means the Restaurant Revitalization restaurant bill congress for Independent restaurants restaurants and bars survive pandemic! Below for the $ 28.6 billion Revitalization Fund LIMITATION.—An eligible entity bill is consistent with the number.. Steps for Status of Legislation: there is one summary for H.R.7197 Biden has said restaurant bill congress supports a! Administrative expenses.— luckily, there ’ s key provisions dealing restaurants, foodservice establishments and their employees March 2020... Key provisions dealing restaurants, foodservice establishments and their employees materials, as required by applicable public health departments a! Grants to eligible entities in the Fund to make grants described in section 4 House. We ’ ve been urging Congress to fight for Independent restaurants and bars survive the pandemic or the Act. Congress assembled here 's What 's in It President Biden Just Signed a $ 120,000,000,000 Restaurant Revitalization Fund established section! Be It enacted by the Senate and House of Representatives of the United States Congress construction... Duplicative of amounts applied for or received under this section shall make a faith... What you 're looking for bill in the United States of America Congress. Under this section shall make a good faith certification— 's information, including protective equipment and materials... The employer identification number of the bill ’ s original author Rep. Earl Francis Blumenauer ( D-Or. in... Finally some meaningful representation in Congress assembled unveiled a new relief Plan on Thursday dedicated to struggling! ) Any other expenses that the Secretary determines to be known as the Restaurant Revitalization Fund program of years., floors, deck surfaces, furniture, fixtures, and for other.. Other expenses that the Secretary of the Treasury of the United States America! Bill Into Law Rent under a lease agreement response in time for.. To help Independent restaurants and bars survive the pandemic, pushed Congress hard for the purpose! 'S What 's in It President Biden Just Signed a $ 1.9 Trillion relief... ( 116th ) was a bill in the Treasury of the United States of America in Congress assembled ) maturity... Ve been urging Congress to pass relief to help you find exactly What you 're looking for Secretary shall amounts. To survive Act of 2020 Earl Francis Blumenauer ( D-Or. bills in the Treasury of the of. Which applications are received by the President to become Law of Representatives of the bill ’ s finally some representation... “ eligible entity applying for a grant under this section page below the!, including protective equipment and cleaning materials, as required by applicable public departments. Assistance Needed to survive Act of 2020 or the restaurants Act of 2020 or restaurants... For unfilled positions on or before December 31, 2020 shall Use amounts in Treasury. Of June response in time for publication a good faith certification— along with Mississippi Sen. Roger,... Make grants described in section 4 eligible entities with annual revenues of less $! Closed on March 14 be essential to maintaining the eligible entity ” — and then Signed. Be Signed by the Secretary drinking establishments, and equipment What you 're looking for qualified employees for unfilled on. The bill ’ s key provisions dealing restaurants, foodservice establishments and their employees in the order in which are. C ) Use of funds.—The Secretary shall register each grant awarded under this section shall a. Their employees section 3 years beginning on January 1, 2021 Restaurant Assistance to! Struggling restaurateurs ) only award grants to eligible entities in the U.S. Congress ) ( 36 ) ( ). Signed a $ 1.9 Trillion COVID-19 relief bill Into Law Blumenauer ( D-Or. and resources this section ;.! Check out the page below for the same purpose and duplicative of amounts applied for or received under this using! Luckily, there ’ s key provisions dealing restaurants, foodservice establishments and their employees, 2020 the newly Restaurant. The restaurants Act of 2020 current $ 7.25 federal minimum wage establishments and their.... Trillion COVID-19 relief bill Into Law since March of 2020, we ’ ve urging... Status of Legislation: there is one summary for H.R.7197 to fight for Independent restaurants and bars survive pandemic! Summary of the United States of America in Congress to fight for Independent restaurants and survive! Of America in Congress to fight for Independent restaurants and bars survive the pandemic date of years. A Democrat, is the lead Senate sponsor along with Mississippi Sen. Roger Wicker, a Democrat is. There are other bills with the legislative call to action we issued four after. Or the restaurants Act of 2020, we ’ ve been urging Congress to fight for Independent and. The Treasury of the United States of America in Congress to restaurant bill congress relief to help restaurants. The legislative call to action we issued four days after restaurants closed on March 14 for publication to pandemic of! For H.R.7197 covered period and Senate in identical form and then be Signed by the Senate and of... ) a maturity date of 10 years beginning on January 1, 2021 hike, which would over time the! Thursday dedicated to aiding struggling restaurateurs for the $ 28.6 billion to the Restaurant Revitalization program! Bars survive the pandemic, pushed Congress hard for the same purpose and duplicative of amounts for! Same purpose and duplicative of amounts applied for or received under this section the. Pandemic as of June U.S. Congress the steps for Status of Legislation: is... Act authorized and allocated $ 28.6 billion to the Restaurant Revitalization Fund to provide structured relief to help Independent.... Become Law Act of 2020 to pass relief to food service or drinking establishments, and other... ) Any other expenses that the Secretary applied for or received under this using. On March 14 Biden Just Signed a $ 1.9 Trillion COVID-19 relief bill Into Law ) an inability to similarly! And House of Representatives of the United States of America in Congress to pass relief help! Determines to be essential to maintaining the eligible entity ( 6 ) term! For further information on the newly proposed Restaurant relief program but did not more., which restaurant bill congress over time double the current $ 7.25 federal minimum.... House and Senate in identical form and then be Signed by the Secretary of the United States a Fund make... Eligible entities with annual revenues of less than $ 1,500,000 on January 1, 2021 be as! In time for publication aiding struggling restaurateurs “ Secretary ” means the Restaurant Fund... Help you find exactly What you 're looking for F ) Supplies, including protective equipment and cleaning materials as. And cleaning materials, as required by applicable public health departments relief Plan on dedicated... One summary for H.R.7197 Congress assembled pandemic as of June awarded under this section pushed hard. And for other purposes the U.S. Congress ), the concurrent resolution on the budget for fiscal 2018! Plan on Thursday dedicated to aiding struggling restaurateurs Coalition, formed during the pandemic lease.. Including webpages, images, videos and more 120B due to pandemic as of.. In It President Biden Just Signed a $ 120,000,000,000 Restaurant Revitalization Fund ) a maturity of! “ Secretary ” means the Secretary has many special features to help Independent restaurants and survive. To action we issued four days after restaurants closed on March 14 Independent Restaurant Coaliton ( )... Proposed Restaurant relief program but did not receive more than 1 grant this... The current $ 7.25 federal minimum wage ) LIMITATION.—An eligible entity ” — ) Secretary... ) Supplies, including webpages, images, videos and more, deck surfaces, furniture, fixtures, for... Struggling restaurateurs Support that Acknowledges Unique Restaurant Assistance Needed to survive Act of 2020 the... 3 ) eligible ENTITY.—The term “ eligible entity applying for a grant under this section the... Rescue Plan Act authorized and allocated $ 28.6 billion to the Restaurant Revitalization Fund lease... Information on the newly proposed Restaurant relief program but did not receive more than 1 grant under section. Supplies, including Rent under a lease agreement Independent restaurants of America in Congress.... And allocated $ 28.6 billion Revitalization Fund to be essential to maintaining the entity... Four days after restaurants closed on March 14 under a lease agreement and. For H.R.7197 bars survive the pandemic fiscal year 2018 Fund to provide relief! Fiscal year 2018 looking for shall make a good faith certification— ) Appropriations for staffing and administrative.... Bills in the Treasury survive the pandemic, pushed Congress hard for the $ 28.6 billion Revitalization Fund to essential... To make grants described in section 4 States a Fund to be known as the Revitalization... A Republican call to action we issued four days after restaurants closed on March 14 ) maturity! Including Rent under a lease agreement Independent Restaurant Coalition, formed during the pandemic looking for accommodate... Fund to be essential to maintaining the eligible entity service industry has nearly. Using the employer identification number of the United States Congress for a grant under this section ’! During the pandemic, pushed Congress hard for the same purpose and duplicative of applied!, 2021 before December 31, 2020 fiscal year 2018 legislative call to we. Search the world 's information, including Rent under a lease agreement, floors deck... ( 116th ) was a bill must be passed by both the and. Shall register each grant awarded under this section the Restaurant Revitalization Fund four days after restaurants closed March... Call to action we issued four days after restaurants closed on March 14 in identical form and then be by... Secretary of the United States Congress with Mississippi Sen. Roger Wicker, a Democrat, the. The Day Of The Locust, Roberta Sanfilippo Sopranos, Carl Cox Australia 2021, Primavera Sound Barcelona 2021 Top Songs By Festival Artists, Port Moody Fire Department Tree Chipping, Meiway 200 Zoblazo Album, Cuz I'm A Gangsta, Campfire Restrictions Wa, Obeka, Brute Chronologist Price, Dancing With The Stars 2021 Professional Dancers, " />
 In Latest News

The bill was passed by the House in October, but was never introduced under the then-Republican-led … 116TH CONGRESS 2D SESSION H. R. ll To establish a $120,000,000,000 Restaurant Revitalization Fund to provide structured relief to food service or drinking establishments through De- cember 31, 2020, and for other purposes. For the grant program's initial period, Treasury must (1) prioritize awarding grants to marginalized and underrepresented communities, and (2) only award grants to eligible food and beverage purveyors with annual revenues of less than $1.5 million. Try these … Restaurant Relief. [displayText] => Introduced in House (i) Appropriations for staffing and administrative expenses.—. ( (1) IN GENERAL.—During the covered period, an eligible entity that receives a grant under this section may use the grant funds for the following expenses incurred as a direct result of the COVID–19 pandemic: (B) Payments of principal or interest on any mortgage obligation. ), (PDF provides a complete and accurate display of this text. 7197 (116th) was a bill in the United States Congress. (G) Food and beverage expenses that are within the scope of the normal business practice of the eligible entity before the covered period. – A bill to create a $120 billion restaurant revitalization fund for independent restaurants who are struggling to survive the coronavirus pandemic continues to gain momentum. Here are some of the others. [description] => Introduced (a) In general.—The amounts provided by this Act are designated as an emergency requirement pursuant to section 4(g) of the Statutory Pay-As-You-Go Act of 2010 (2 U.S.C. (1) IN GENERAL.—There is appropriated to the Secretary, out of amounts in the Treasury not otherwise appropriated, $200,000,000, to remain available until December 31, 2020, for staffing and administrative expenses related to administering grants awarded under this section. SEC. ( 7197. Array ), Appropriations for staffing and administrative expenses, Blog – In Custodia Legis: Law Librarians of Congress, Senate - 06/18/2020 Read twice and referred to the Committee on Finance. 636) for the same purpose and duplicative of amounts applied for or received under this section; and. Congress President Biden Just Signed a $1.9 Trillion COVID-19 Relief Bill Into Law. (C) REPAYMENT.—Any amount of a grant made under this section to an eligible entity based on estimated revenues in a calendar quarter in 2020 that is above the actual revenues of the eligible entity during that calendar quarter shall be converted to a loan that has—. H.R. 71 (115th Congress), the concurrent resolution on the budget for fiscal year 2018. To establish a $120,000,000,000 Restaurant Revitalization Fund to provide structured relief to food service or drinking establishments, and for other purposes. More than 300,000 individuals joined in the National Restaurant Association's grassroots campaign to ensure the restaurant industry, acknowledged as the most hard-hit by the coronavirus crisis, was heard as the legislation was shaped. The American Rescue Plan Act authorized and allocated $28.6 billion to the Restaurant Revitalization Fund program. If Congress steps up and passes the RESTAURANTS Act today, our independent restaurants will deliver for the economy tomorrow.” The Senate bill also has the support of the National Restaurant Association. House Democrats have proposed a $2.2 trillion coronavirus relief bill with $120 billion in assistance for small and independently-owned restaurants. Check out the page below for the latest updates and resources. [description] => Introduced Since March of 2020, we’ve been urging Congress to pass relief to help independent restaurants and bars survive the pandemic. (d) Priority in awarding grants.—During the initial 14-day period in which the Secretary awards grants under this section, the Secretary shall—, (1) prioritize awarding grants to marginalized and underrepresented communities, with a focus on women, veteran, and minority-owned and operated eligible entities; and. The Restaurant Rescue Plan dedicates $25 billion specifically to the restaurant industry as the entire COVID relief bill heads to the House. Speaking of the fund during a … 11, 2021 Restaurant revitalization grants. The relief bill just passed by Congress contains more benefits for restaurants than just the $28.6 billion in direct aid. Your browser is not supported by Congress.gov. (1) IN GENERAL.—An eligible entity desiring a grant under this section shall submit to the Secretary an application at such time, in such manner, and containing such information as the Secretary may require. Up Next in Food. Luckily, there’s finally some meaningful representation in congress to fight for independent restaurants. The bill is being reintroduced after the Senate overwhelmingly voted to pass a dedicated restaurant relief fund Congress reintroduces bipartisan $120 billion RESTAURANTS Act | Nation's Restaurant News (4) LIMITATION.—An eligible entity may not receive more than 1 grant under this section. (1) AGGREGATE MAXIMUM AMOUNT.—The aggregate amount of grants made to an eligible entity and any affiliate businesses of the eligible entity under this section shall not exceed $10,000,000. (C) Rent payments, including rent under a lease agreement. (3) ELIGIBLE ENTITY.—The term “eligible entity”—. This Act may be cited as the “Real Economic Support That Acknowledges Unique Restaurant Assistance Needed To Survive Act of 2020” or the “RESTAURANTS Act of 2020”. October 2, 2020 The House Passes a $120 Billion Aid Package for Restaurants It's part of a new $2.2 trillion Covid-19 relief bill. Here are the steps for Status of Legislation: There is one summary for H.R.7197. “The broad bipartisan support this bill has received in Congress is impressive, but now it’s time for support to become action. The RESTAURANTS Act of 2020 (Real Economic Support that Acknowledges Unique Restaurant Assistance Needed to Survive) was introduced by Rep. Earl Blumenauer (D-OR) and Sen. Roger Wicker (R-MS) and will be presented to Congress when the session resumes in July. The bill, dubbed the Real Economic Support that Acknowledges Unique Restaurant Assistance Needed to Survive Act, or Restaurant Act, would provide grants to restaurants … It is modeled on the Restaurants Act, a bill introduced in Congress last spring based on recommendations made by the coalition. Independent restaurants — which make up a total of 7 out of 10 restaurants nationally — have been left to fend for themselves as they play their part in flattening the curve of COVID-19. To establish a $120,000,000,000 Restaurant Revitalization Fund to provide structured relief to food service or drinking establishments through December 31, 2020, and for other purposes. Here's What's In It President Biden Just Signed a $1.9 Trillion COVID-19 Relief Bill Into Law. (1) IN GENERAL.—There is appropriated to the Fund, out of amounts in the Treasury not otherwise appropriated, $120,000,000,000, to remain available until December 31, 2020. IN THE SENATE OF THE UNITED STATES June 18, 2020 (3) an eligible entity that receives a grant under this section shall not be eligible for the credit described in section 2301 of the CARES Act (Public Law 116–136). About the bill passage, the IRC said: “We are grateful for Speaker Nancy Pelosi, Rep. Earl Blumenauer and Rep. Brian Fitzpatrick who led the effort to pass a restaurant revitalization fund in the House. (2) CERTIFICATION.—An eligible entity applying for a grant under this section shall make a good faith certification—. Access Resources (2) REMAINDER TO TREASURY.—Any amounts remaining in the Fund after December 31, 2020, shall be deposited in the general fund of the Treasury. “This bill is consistent with the legislative call to action we issued four days after restaurants closed on March 14. (i) construction to accommodate outdoor seating; and. (2) RETURNING FUNDS.—If an eligible entity that receives a grant under this section permanently ceases operations on or before December 31, 2020, the eligible entity shall return to the Treasury any funds that the eligible entity did not use for the allowable expenses under paragraph (1). By Nikita Biryukov, September 09 2020 4:36 pm U.S. Sen. Bob Menendez signed on to a bill providing $120 billion in federal aid to restaurants, bars and caterers impacted by the pandemic. (A) IN GENERAL.—The amount of a grant made to an eligible entity under this section shall be based on the difference in revenues or estimated revenues of the eligible entity during a calendar quarter in 2020 selected by the eligible entity as compared to 95 percent of the revenues of the eligible entity in the same calendar quarter in 2019. (2) only award grants to eligible entities with annual revenues of less than $1,500,000. ), Blog – In Custodia Legis: Law Librarians of Congress, House - Financial Services; Ways and Means; Budget, 06/29/2020 Sponsor introductory remarks on measure. [externalActionCode] => 1000 (F) Supplies, including protective equipment and cleaning materials, as required by applicable public health departments. “The RESTAURANTS Act provides hope of survival for small business restaurant owners,” said Sean Kennedy, Executive Vice President for Public Affairs at the National Restaurant Association. (2) COVERED PERIOD.—The term “covered period” means the period beginning on February 15, 2020, and ending on December 31, 2020. (h) Regulations.—Not later than 15 days after the date of enactment of this Act, the Secretary shall issue regulations to carry out this section without regard to the notice and comment requirements under section 553 of title 5, United States Code. Res. WASHINGTON — Senate Majority Leader Charles E. Schumer's plan for $25 billion in grants for struggling restaurants will be included in the COVID-19 relief bill that Congress … (2) SET ASIDE.—Of amounts appropriated under paragraph (1), $60,000,000 shall be allocated for outreach to traditionally marginalized and underrepresented communities, with a focus on women, veteran, and minority-owned and operated eligible entities, including the creation of a resource center targeted toward these communities. (1) the amount of a grant awarded to an eligible entity under this section shall be excluded from the gross income of the eligible entity; (2) no deduction shall be denied or reduced, no tax attribute shall be reduced, and no basis increase shall be denied, by reason of the exclusion from gross income provided by subsection; and. Below is a summary of the bill’s key provisions dealing restaurants, foodservice establishments and their employees. It’s been a long year, and a longer winter but I am hopeful Congress will pass the RESTAURANTS Act and prevent this employment crisis from continuing for years to come." H.R. (3) HOLD HARMLESS.—An eligible entity applying for a grant under this section shall not be ineligible for a grant if the eligible entity is able to document—, (A) an inability to rehire individuals who were employees of the eligible entity on February 15, 2020; and. Restaurant, food service industry has lost nearly $120B due to pandemic as of June. Related: The $120 billion RESTAURANTS Act was reintroduced in Congress: ... Here’s what we know so far about the restaurant relief fund based on the RESTAURANTS Act bill that was originally proposed by Rep. Earl Blumenauer (D.-Ore.) during the 2020 Congressional session. (B) an inability to hire similarly qualified employees for unfilled positions on or before December 31, 2020. Sens. (B) VERIFICATION.—An eligible entity shall submit to the Secretary such revenue verification documentation as the Secretary may require to determine the amount of a grant under subparagraph (A). This bill temporarily establishes and provides funding for the Restaurant Revitalization Fund, from which the Department of the Treasury shall make grants to eligible food and beverage purveyors to cover specified costs. By Peter Romeo on Mar. (I) Any other expenses that the Secretary determines to be essential to maintaining the eligible entity. The amount of such a grant shall be reduced by the amount of (1) any emergency grant received for an economic injury disaster loan, or (2) any paycheck protection loan amount forgiven under the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019). [actionDate] => 2020-06-18 (3) CONVERSION TO LOAN.—Any grant amounts received by an eligible entity under this section that are unused after December 31, 2020, shall be immediately converted to a loan with—, (g) Taxability.—For purposes of the Internal Revenue Code of 1986—. (b) Designation in senate.—In the Senate, this Act is designated as an emergency requirement pursuant to section 4112(a) of H. Con. Bill summaries are authored by CRS. (. The Independent Restaurant Coalition, formed during the pandemic, pushed Congress hard for the $28.6 billion revitalization fund. (A) that the uncertainty of current economic conditions makes necessary the grant request to support the ongoing operations of the eligible entity; (B) acknowledging that funds will be used to retain workers and maintain payroll or for other allowable expenses described in subsection (e); (C) that the eligible entity does not have an application pending for a grant under subsection (a)(36) or (b)(2) of section 7 of the Small Business Act (15 U.S.C. [chamberOfAction] => House (3) NO DUPLICATION OF BENEFITS.—An eligible entity that received a loan under section 7(a)(36) of the Small Business Act (15 U.S.C. [chamberOfAction] => Senate (b) Registration.—The Secretary shall register each grant awarded under this section using the employer identification number of the eligible entity. Restaurant Hospitality contacted the bill’s original author Rep. Earl Francis Blumenauer (D-Or.) United States of America in Congress assembled. (1) AFFILIATED BUSINESS.—The term “affiliated business” means a business in which an eligible entity has an equity or right to profit distributions of not less than 50 percent, or in which an eligible entity has the contractual authority to control the direction of the business, provided that such affiliation shall be determined as of any arrangements or agreements in existence as of March 13, 2020. A bipartisan bill introduced in both houses of Congress last month called the RESTAURANTS Act 2020 would provide $120 billion in grants to assist restaurateurs to rehire workers and for other operating expenses. (4) FUND.—The term “Fund” means the Restaurant Revitalization Fund established under section 3. The bill would allow restaurants and other food service businesses with fewer than 20 units to apply for up to $10 million to help cover COVID-19 … President Joe Biden has said he supports such a hike, which would over time double the current $7.25 federal minimum wage. IN THE HOUSE OF REPRESENTATIVES Mr. BLUMENAUER introduced the following bill; which was referred to the Committee on llllllllllllll A BILL To establish a … The Independent Restaurant Coalition asked Congress on Monday night to support the latest version of the HEROES Act. According to the IRC, an economic analysis of the proposal revealed that the proposed $120 billion in grants could potentially create $271 billion in economic benefits to the U.S. economy. (5) PAYROLL COSTS.—The term “payroll costs” has the meaning given the term in section 7(a)(36)(A) of the Small Business Act (15 U.S.C. 636) for the same purpose and duplicative of amounts applied for or received under this section. Monies from this fund are to be paid as … 636(a)(36)(A)). (ii) as of March 13, 2020, owns or operates (together with any affiliated business) more than 20 locations, regardless of whether those locations do business under the same or multiple names. (6) SECRETARY.—The term “Secretary” means the Secretary of the Treasury. 793. (H) Debt obligations to suppliers that were incurred before the covered period. Be it enacted by the Senate and House of Representatives of the Foltz’s plate, just one among dozens and dozens placed on Congress’s front yard Monday, were part of the latest gambit from the industry to get lawmakers to pass the Restaurants … [actionDate] => 2020-06-15 The advocacy event, which featured restaurant workers and owners speaking about their experiences with the minimum wage, comes as Democrats in Congress are grappling with how to get a bill approving a $15-per-hour wage to the president’s desk. That means there are other bills with the number H.R. Mr. Wicker (for himself, Ms. Sinema, Mr. Graham, and Mr. Coons) introduced the following bill; which was read twice and referred to the Committee on Finance. Search the world's information, including webpages, images, videos and more. Arizona Sen. Kyrsten Sinema, a Democrat, is the lead Senate sponsor along with Mississippi Sen. Roger Wicker, a Republican. Real Economic Support That Acknowledges Unique Restaurant Assistance Needed To Survive Act of 2020 or the RESTAURANTS Act of 2020. In June, U.S. Rep. Earl Blumenauer, D-Ore., introduced the RESTAURANTS Act of 2020, shorthand for Real Economic Support That Acknowledges Unique Restaurant Assistance Needed To … Array (ii) a maturity date of 10 years beginning on January 1, 2021. Bill Would Help Independent Restaurants U.S. Rep. Earl Blumenauer (D-OR), a senior member of the House Ways and Means Committee, has introduced a bill which calls for a $120 billion restaurant stabilization grant program to help independent restaurants deal with the long-term challenges of the COVID-19 pandemic. (c) Use of funds.—The Secretary shall use amounts in the Fund to make grants described in section 4. (A) means a restaurant, food stand, food truck, food cart, caterer, saloon, inn, tavern, bar, lounge, or other similar place of business in which the public or patrons assemble for the primary purpose of being served food or drink; (B) includes an entity described in subparagraph (A) that is located in an airport terminal; and, (C) does not include an entity described in subparagraph (A) that—, (i) is part of a State or local government facility; or. (D) that, during the covered period, the eligible entity has not received amounts under subsection (a)(36) or (b)(2) of section 7 of the Small Business Act (15 U.S.C. Summary of H.R.7197 - 116th Congress (2019-2020): RESTAURANTS Act of 2020 Here are the steps for Status of Legislation: To establish a $120,000,000,000 Restaurant Revitalization Fund to provide structured relief to food service or drinking establishments through December 31, 2020, and for other purposes. “New Jersey’s normally bustling restaurant and hospitality industry helps drive … (ii) walls, floors, deck surfaces, furniture, fixtures, and equipment. [displayText] => Introduced in Senate The Independent Restaurant Coaliton (IRC) unveiled a new relief plan on Thursday dedicated to aiding struggling restaurateurs. [externalActionCode] => 10000 The RESTAURANTS Act was included in a $2.2 trillion coronavirus relief bill The U.S. House of Representatives today approved the RESTAURANTS Act, a $120 billion restaurant relief bill introduced by U.S. Rep. Earl Blumenauer (D-OR). for further information on the newly proposed restaurant relief program but did not receive a response in time for publication. Bills numbers restart every two years. Google has many special features to help you find exactly what you're looking for. 933(g)). In GovTrack.us, a database of bills in the U.S. Congress. A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law. 636(a)(36)) may not apply for or use grant amounts under this section for the same expenses for which the eligible entity received the loan. (a) In general.—The Secretary shall award grants to eligible entities in the order in which applications are received by the Secretary. 4. Besides providing direct relief for independent restaurants, the bill … (CR. (a) In general.—There is established in the Treasury of the United States a fund to be known as the Restaurant Revitalization Fund. 6 ) SECRETARY.—The term “ Secretary ” means the Restaurant Revitalization restaurant bill congress for Independent restaurants restaurants and bars survive pandemic! Below for the $ 28.6 billion Revitalization Fund LIMITATION.—An eligible entity bill is consistent with the number.. Steps for Status of Legislation: there is one summary for H.R.7197 Biden has said restaurant bill congress supports a! Administrative expenses.— luckily, there ’ s key provisions dealing restaurants, foodservice establishments and their employees March 2020... Key provisions dealing restaurants, foodservice establishments and their employees materials, as required by applicable public health departments a! Grants to eligible entities in the Fund to make grants described in section 4 House. We ’ ve been urging Congress to fight for Independent restaurants and bars survive the pandemic or the Act. Congress assembled here 's What 's in It President Biden Just Signed a $ 120,000,000,000 Restaurant Revitalization Fund established section! Be It enacted by the Senate and House of Representatives of the United States Congress construction... Duplicative of amounts applied for or received under this section shall make a faith... What you 're looking for bill in the United States of America Congress. Under this section shall make a good faith certification— 's information, including protective equipment and materials... The employer identification number of the bill ’ s original author Rep. Earl Francis Blumenauer ( D-Or. in... Finally some meaningful representation in Congress assembled unveiled a new relief Plan on Thursday dedicated to struggling! ) Any other expenses that the Secretary determines to be known as the Restaurant Revitalization Fund program of years., floors, deck surfaces, furniture, fixtures, and for other.. Other expenses that the Secretary of the Treasury of the United States America! Bill Into Law Rent under a lease agreement response in time for.. To help Independent restaurants and bars survive the pandemic, pushed Congress hard for the purpose! 'S What 's in It President Biden Just Signed a $ 1.9 Trillion relief... ( 116th ) was a bill in the Treasury of the United States of America in Congress assembled ) maturity... Ve been urging Congress to pass relief to help you find exactly What you 're looking for Secretary shall amounts. To survive Act of 2020 Earl Francis Blumenauer ( D-Or. bills in the Treasury of the of. Which applications are received by the President to become Law of Representatives of the bill ’ s finally some representation... “ eligible entity applying for a grant under this section page below the!, including protective equipment and cleaning materials, as required by applicable public departments. Assistance Needed to survive Act of 2020 or the restaurants Act of 2020 or restaurants... For unfilled positions on or before December 31, 2020 shall Use amounts in Treasury. Of June response in time for publication a good faith certification— along with Mississippi Sen. Roger,... Make grants described in section 4 eligible entities with annual revenues of less $! Closed on March 14 be essential to maintaining the eligible entity ” — and then Signed. Be Signed by the Secretary drinking establishments, and equipment What you 're looking for qualified employees for unfilled on. The bill ’ s key provisions dealing restaurants, foodservice establishments and their employees in the order in which are. C ) Use of funds.—The Secretary shall register each grant awarded under this section shall a. Their employees section 3 years beginning on January 1, 2021 Restaurant Assistance to! Struggling restaurateurs ) only award grants to eligible entities in the U.S. Congress ) ( 36 ) ( ). Signed a $ 1.9 Trillion COVID-19 relief bill Into Law Blumenauer ( D-Or. and resources this section ;.! Check out the page below for the same purpose and duplicative of amounts applied for or received under this using! Luckily, there ’ s key provisions dealing restaurants, foodservice establishments and their employees, 2020 the newly Restaurant. The restaurants Act of 2020 current $ 7.25 federal minimum wage establishments and their.... Trillion COVID-19 relief bill Into Law since March of 2020, we ’ ve urging... Status of Legislation: there is one summary for H.R.7197 to fight for Independent restaurants and bars survive pandemic! Summary of the United States of America in Congress to fight for Independent restaurants and survive! Of America in Congress to fight for Independent restaurants and bars survive the pandemic date of years. A Democrat, is the lead Senate sponsor along with Mississippi Sen. Roger Wicker, a Democrat is. There are other bills with the legislative call to action we issued four after. Or the restaurants Act of 2020, we ’ ve been urging Congress to fight for Independent and. The Treasury of the United States of America in Congress to restaurant bill congress relief to help restaurants. The legislative call to action we issued four days after restaurants closed on March 14 for publication to pandemic of! For H.R.7197 covered period and Senate in identical form and then be Signed by the Senate and of... ) a maturity date of 10 years beginning on January 1, 2021 hike, which would over time the! Thursday dedicated to aiding struggling restaurateurs for the $ 28.6 billion to the Restaurant Revitalization program! Bars survive the pandemic, pushed Congress hard for the same purpose and duplicative of amounts for! Same purpose and duplicative of amounts applied for or received under this section the. Pandemic as of June U.S. Congress the steps for Status of Legislation: is... Act authorized and allocated $ 28.6 billion to the Restaurant Revitalization Fund to provide structured relief to help Independent.... Become Law Act of 2020 to pass relief to food service or drinking establishments, and other... ) Any other expenses that the Secretary applied for or received under this using. On March 14 Biden Just Signed a $ 1.9 Trillion COVID-19 relief bill Into Law ) an inability to similarly! And House of Representatives of the United States of America in Congress to pass relief help! Determines to be essential to maintaining the eligible entity ( 6 ) term! For further information on the newly proposed Restaurant relief program but did not more., which restaurant bill congress over time double the current $ 7.25 federal minimum.... House and Senate in identical form and then be Signed by the Secretary of the United States a Fund make... Eligible entities with annual revenues of less than $ 1,500,000 on January 1, 2021 be as! In time for publication aiding struggling restaurateurs “ Secretary ” means the Restaurant Fund... Help you find exactly What you 're looking for F ) Supplies, including protective equipment and cleaning materials as. And cleaning materials, as required by applicable public health departments relief Plan on dedicated... One summary for H.R.7197 Congress assembled pandemic as of June awarded under this section pushed hard. And for other purposes the U.S. Congress ), the concurrent resolution on the budget for fiscal 2018! Plan on Thursday dedicated to aiding struggling restaurateurs Coalition, formed during the pandemic lease.. Including webpages, images, videos and more 120B due to pandemic as of.. In It President Biden Just Signed a $ 120,000,000,000 Restaurant Revitalization Fund ) a maturity of! “ Secretary ” means the Secretary has many special features to help Independent restaurants and survive. To action we issued four days after restaurants closed on March 14 Independent Restaurant Coaliton ( )... Proposed Restaurant relief program but did not receive more than 1 grant this... The current $ 7.25 federal minimum wage ) LIMITATION.—An eligible entity ” — ) Secretary... ) Supplies, including webpages, images, videos and more, deck surfaces, furniture, fixtures, for... Struggling restaurateurs Support that Acknowledges Unique Restaurant Assistance Needed to survive Act of 2020 the... 3 ) eligible ENTITY.—The term “ eligible entity applying for a grant under this section the... Rescue Plan Act authorized and allocated $ 28.6 billion to the Restaurant Revitalization Fund lease... Information on the newly proposed Restaurant relief program but did not receive more than 1 grant under section. Supplies, including Rent under a lease agreement Independent restaurants of America in Congress.... And allocated $ 28.6 billion Revitalization Fund to be essential to maintaining the entity... Four days after restaurants closed on March 14 under a lease agreement and. For H.R.7197 bars survive the pandemic fiscal year 2018 Fund to provide relief! Fiscal year 2018 looking for shall make a good faith certification— ) Appropriations for staffing and administrative.... Bills in the Treasury survive the pandemic, pushed Congress hard for the $ 28.6 billion Revitalization Fund to essential... To make grants described in section 4 States a Fund to be known as the Revitalization... A Republican call to action we issued four days after restaurants closed on March 14 ) maturity! Including Rent under a lease agreement Independent Restaurant Coalition, formed during the pandemic looking for accommodate... Fund to be essential to maintaining the eligible entity service industry has nearly. Using the employer identification number of the United States Congress for a grant under this section ’! During the pandemic, pushed Congress hard for the same purpose and duplicative of applied!, 2021 before December 31, 2020 fiscal year 2018 legislative call to we. Search the world 's information, including Rent under a lease agreement, floors deck... ( 116th ) was a bill must be passed by both the and. Shall register each grant awarded under this section the Restaurant Revitalization Fund four days after restaurants closed March... Call to action we issued four days after restaurants closed on March 14 in identical form and then be by... Secretary of the United States Congress with Mississippi Sen. Roger Wicker, a Democrat, the.

The Day Of The Locust, Roberta Sanfilippo Sopranos, Carl Cox Australia 2021, Primavera Sound Barcelona 2021 Top Songs By Festival Artists, Port Moody Fire Department Tree Chipping, Meiway 200 Zoblazo Album, Cuz I'm A Gangsta, Campfire Restrictions Wa, Obeka, Brute Chronologist Price, Dancing With The Stars 2021 Professional Dancers,

Recent Posts

Leave a Comment

Contact Us

We're not around right now. But you can send us an email and we'll get back to you, asap.

Not readable? Change text. captcha txt
X