restaurant revitalization fund replenish

With so many restaurants struggling, the National Restaurant Association is calling on congress to replenish the Restaurant Revitalization Fund. ), to push through a replenishment of the Restaurant Revitalization Fund (RFF). The call to action . The vote is a . On April 7, 2022, the House of Representatives passed legislation that would provide $42 billion for the replenishment of the RRF. The $28.6 billion Restaurant Revitalization Fund (RRF), a grant program that was part of the American Rescue Plan, has buoyed those applicants that managed to receive funding. This week, Senators Ben Cardin (D-MD) and Roger Wicker (R-MS) introduced the Small Business COVID Relief Act, a measure that includes a provision replenishing the RRF.We believe this bill could be considered on the Senate floor later this month or in . This is why I have cosponsored the ENTRÉE Act to replenish the Restaurant Revitalization Fund (RRF) and make needed reforms to the program. Yet it's still an "amazing step forward," Kennedy says. (Washington, D.C.) - Ahead of a procedural vote scheduled to occur in the U.S. Senate tomorrow, U.S. Senate Committee on Small Business & Entrepreneurship Chair Ben Cardin (D-Md.) "The Restaurant Revitalization Fund is a vital, financial lifeline for our independent, local restaurants that were hit hard by the COVID-19 pandemic," said Fitzpatrick. Jump to Section. Scalise Joins Efforts to Replenish, Fix Restaurant Revitalization Fund (RRF) Program WASHINGTON, D.C. — Today, House Republican Whip Steve Scalise (R-La.) After Congress established the Restaurant Revitalization Fund (RRF) last spring, the initial round of funding left 177,000 eligible businesses without a penny of relief. But unfortunately, the current budget talks have excluded any provisions addressing industry-focused aid programs. Nearly 177,000 eligible restaurants did not receive RRF grants as the program ran out of funds in a matter of weeks. Kennedy admitted it's far from the final battle. April 6 - The House of Representatives approved a bill to replenish the Restaurant Revitalization Fund (RRF).All eyes now turn to the Senate. Their estimates indicate that fully . The Memphis Restaurant Association put out a call Tuesday for Memphians to reach out to members of Congress to replenish the Restaurant Revitalization Fund (known as the RRF) . Congress must act now to replenish the RRF in the upcoming legislative package to fund the government," said Kennedy in the letter. According to the letter, while the rest of the economy continues to quickly add jobs, restaurant industry job growth in the first quarter of 2022 was the smallest since 2020. The money could replenish the existing Restaurant Revitalization Fund or perhaps target only restaurants that qualified for aid last time around but didn't receive money before the fund ran dry . On the Senate's failure to replenish the SBA's Restaurant Revitalization Fund (RRF) and provide needed relief to other hard-hit industries, including live venues and gyms, Main Street Alliance's Policy and Political Impact Director, Didier Trinh had this to say: "The Senate had the simple task today of helping Main Street restaurants, and bars across the country stay open during a still . As expected, the amount of need for Restaurant Revitalization Fund grants has been tremendous. The bill would spend another $42 billion on grants to . 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. The vote is a . WASHINGTON, D.C. - "The Restaurant Revitalization Fund is a vital, financial lifeline for our independent, local restaurants that were hit hard by the COVID-19 pandemic," said Rep. Fitzpatrick.. "Due to the overwhelming demand for relief, Congress must work together on a bipartisan basis to replenish the Restaurant Revitalization Fund as soon as possible. The money could replenish the existing Restaurant Revitalization Fund or perhaps target only restaurants that. The SBA estimates they need $43.6 billion to fund the unmet applications currently stuck in the RRF queue. 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. Replenish the THE RESTAURANT REVITALIZATION FUND (RRF)has been a critical lifeline for restaurants across the country, helping them rebuild from the damaging effects of pandemic-related revenue loss. By repurposing unspent COVID relief dollars to the RRF, this bill provides a sensible alternative to help restaurants keep their lights on and pay their employees as they work around the clock to serve . Congress Set to Replenish the Restaurant Revitalization Fund - Withum The House passed H.R. RRF Replenishment Brief. As of May 18, the Small Business Administration has received more than 303,000 applications representing over $69 billion in requested funds. 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 . If passed, the RRF would provide billions in grant money to restaurants and other small . The latest — and perhaps the last — effort to replenish the Restaurant Revitalization Fund and provide additional Covid-19 relief funding to industries heavily affected by the pandemic died in . announced he is joining the Entrepreneurs Need Timely Replenishment for Eating Establishments (ENTRÉE) Act as a cosponsor. Restaurant and bar owners should monitor the legislative situation so as not to miss out RRF funding of up to $5 million. Only 34% of restaurants who applied for the federal Restaurant Revitalization Fund were able to receive financial assistance. "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. (Washington, D.C.) - Ahead of a procedural vote scheduled to occur in the U.S. Senate tomorrow, U.S. Senate Committee on Small Business & Entrepreneurship Chair Ben Cardin (D-Md.) 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.. The US Senate could vote this week on whether or not to replenish the Restaurant Revitalization Fund (RRF). The Georgia Restaurant Association (GRA), the National Restaurant Association, and other state restaurant association partners sent a letter to Congressional leadership sharing new national consumer confidence survey findings and urging for the replenishment of the Restaurant Revitalization Fund (RRF).Currently, Georgia has over 5,000 pending applications equalling nearly $1 billion in . Blumenauer authored the RESTAURANTS Act in 2020 that created the RRF, providing $28.6 billion to more than 101,000 restaurants across America with desperately needed relief . The way aid would be dispersed is still under debate, according to Punchbowl News. DAYTON, Ohio (WDTN) - The Ohio restaurant industry is calling on Congress to replenish the Restaurant Revitalization Fund that ran out of money earlier this . Restaurant Revitalization Fund was originally created when the American Rescue Plan Act was created and funded. The US Senate could vote this week on whether or not to replenish the Restaurant Revitalization Fund (RRF). have been desperately waiting for the Restaurant Revitalization Fund to be replenished so that they can get the help they were promised. 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. . 05, 2022 Owners of bars and restaurants, and their advocates, have been reinvigorated by a new effort in Congress to consider legislation that would replenish the Restaurant Revitalization Fund. INDIANAPOLIS — The pandemic may seem like it is mostly in the review mirror but some local restaurants are still feeling the effects financially. May 19, 2022 The U.S. Senate on Thursday voted down a bill to replenish the Restaurant Revitalization Fund, a federal grant program that buoyed 101,000 establishments last year, but snubbed more than 177,000 eligible applicants when it ran out of funds in just three weeks. The SBA closed the Restaurant Revitalization Fund (RRF) three weeks after received more than 362,00 applications requesting close to $80 billion in assistance. Lawmakers passed the bill mostly along party lines, 223-203. The vote total on Thursday was 52 to 43. Over half of restaurants that didn't get federal aid are in danger of closing Apr 15 Overview of the Restaurant Revitalization Fund; What is the Current Status of the Restaurant Revitalization Fund? Political leaders across the country and . The Senate is about to take a vote on whether or not to debate the issue. In March 2022, Congress excluded the RFF from their budget talks, leaving the 177,000 would-be recipients at a . The source said the duo is crafting a package based on a bill the pair introduced in August that would replenish the Restaurant Revitalization Fund, a program created by Democrats in March 2021 . This program was designed to provide funding to restaurants and bars impacted by the pandemic. Updated: Jan 31, 2022 / 06:11 PM CST. A group of local business owners, along with New York State Restaurant Association president and CEO Melissa Fleischut, front, advocate for additional federal funding to assist restaurants . The bill would refund the program with $60 Billion. Today, Congressman Chris Pappas (NH-01), Co-Chair of the bipartisan House Small Business Caucus, issued the following statement after helping pass H.R. Vermont Congressman Peter Welch wants to replenish the Restaurant Revitalization Fund to help places that missed out the first time around. In addition, current and former mayors from 28 cities called on members of Congress to replenish the RRF. More than 278,000 restaurants applied for RRF grants, with 101,000 applications funded before the $28.6 billion program was depleted. A senior official with President Joe Biden's administration said there will likely not be additional economic stimulus . Now, Memphis restaurant owners are asking for the public's help as they continue to navigate the ongoing pandemic. United States mayors and legislators are urging the government to replenish the Restaurant Revitalization Fund (RRF), but it is looking increasingly unlikely. (R-MS) and Kyrsten Sinema (D-AZ) for their work in creating and pressing to replenish the RRF." The $48 billion Small Business COVID Relief Act of 2022 (S. 4008 . (R-MS) and Kyrsten Sinema (D-AZ) for their work in creating and pressing to replenish the RRF." The $48 billion Small Business COVID Relief Act of 2022 (S. 4008 . Update: And just like that, the replenishment of the Restaurant Revitalization Fund (RRF) may be alive again. 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 vote dashed hope of replenishing the Restaurant Revitalization Fund, which ran dry with 177,000 operators looking in from the outside. The Small Business Administration (SBA) must provide to applicants an explanation for denied applications, establish a reconsideration process for denied applications, and . 3807) to amend the American Rescue Plan Act of 2021 to increase appropriations to the Restaurant Revitalization Fund, and for other purposes. By Jonathan Maze on May 19, 2022 Photograph: Shutterstock 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. This guide explains why restaurants need the RRF replenished in order to recover . today delivered a speech on the floor of the U.S. Senate urging his colleagues to pass S. 4008—bipartisan legislation to replenish the Restaurant Revitalization Fund (RRF) and provide relief to small businesses . As a member, you'll also enjoy exclusive benefits, including access to proprietary industry research and one-on-one . Simply put, thousands of restaurants and bars will not survive the winter unless we replenish the Restaurant Revitalization Fund. The optimism has been stoked by the resumed efforts of two powerful senators, Ben Cardin (D-Md.) To date, 278,304 restaurants applied for RRF . Applications for Restaurant Revitalization Fund grants opened on Monday, May 3rd and closed on May 24, 2021. But only about one . Careers 3807, Relief for Restaurants and other Hard Hit Small Businesses Act of 2022, which would add an additional $42 billion to the Restaurant Revitalization Fund (RRF) and fund $18 billion to a newly created Hard Hit Industries Award Program (HHIAP). If passed, the RRF would provide billions in grant money to restaurants and other small . Contact your bank to ensure that the deposit has not been blocked due to fraud prevention systems. The vote on Small Business COVID Relief Act of 2022 (S. 4008) secured a bipartisan majority in favor of passing the bill at 52 votes versus 43 against, but the . Procedurally-related: H.Res.1033 is a House rule related to H.R.3807 Contact your Representatives to make them aware of your situation and ask for assistance. Restaurant Revitalization Fund Established through the American Rescue Plan Act in the spring of 2021, the Restaurant Revitalization Fund is a $28.6 billion federal grant program administered by the U.S. Small Business Administration (SBA) to help eligible businesses recover from devastating COVID-19 pandemic-related revenue loss. Legislation in the House of Representatives (H.R. Some steps to take: Contact the SBA at 844-279-8898. The restaurant industry is at an inflection point, and we need your leadership now more than ever. Not giving restaurants relief would be "catastrophic," the mayors wrote. The U.S. Small Business Administration (SBA . The Independent Restaurant Coalition said there were more than 500,000 independent restaurants and bars that were supporting 16 million jobs before the pandemic. 80,000 restaurants across the country have closed due to effects the pandemic. The vote total on Thursday was 52 to 43. "The Omicron variant is causing more strife for restaurants and bars in such peril that they might not survive the winter." This fund, however, ran out of money relatively quickly and restaurant owners have been asking for months for it to be . Other co . August 2021. 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. Under Congressman Welch's plan, $42 billion would go . From award-winning restaurant industry news and in-depth special reports to original news analysis you can't get anywhere else, RB+ memberships provide you with the business intelligence you need for growth and success. Levin is one of the co-sponsors of a bi-partisan bill referred to as the Restaurant Revitalization Fund Replenishment Act of 2021. Less than one third of the restaurants and bars that applied for the $28.6 billion Restaurant Revitalization Fund last year were granted money, but a bill that would replenish the grant program . The latest — and perhaps the last — effort to replenish the Restaurant Revitalization Fund and provide additional Covid-19 relief funding to industries heavily affected by the pandemic died in . The call to action aligns with a nationwide movement . have been desperately waiting for the Restaurant Revitalization Fund to be replenished so that they can get the help they were promised. Updated: Jul 16, 2021 / 06:46 PM EDT. 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. March 11, 2022 With many restaurateurs still reeling from the pandemic, many hoped that Congress would step in and provide some relief and replenish the Restaurant Revitalization Fund (RRF). He expects to approach Congress again in the future to replenish the fund or expand it, as the $28.6 billion is sure to move fast. The Restaurant Industry Doesn't Need Another Bailout Apr 18 Last week, the Democrat-controlled House passed the Restaurant Revitalization Fund Replenishment Act on a mostly party-line 223-203 vote. Senate Majority Leader Chuck Schumer recently pledged that the Senate will vote to begin debate on a $48 billion small-business aid package with a provision providing $40 billion to replenish the Restaurant Revitalization Fund (RFF). Cantwell Statement on Senate Vote to Replenish the COVID-19 Restaurant Revitalization Fund In state, 7,236 restaurants submitted RRF grant applications, but only 3,247 received funding before the money ran out . The RRF ran out of money in July,leaving nearly 200,000 eligible restaurants without desperately needed funds. Companion legislation in the . That fund rescued many businesses as they were able to open back up in 2021. WASHINGTON, D.C. - U.S. and Roger Wicker (R-Miss. 278,304 = 177,000 = 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 federal government has a responsibility to fully fund the RRF and prevent any further closures, layoffs, and losses for our hard-working restauranteurs and dedicated workers." Of the restaurants that remain open, nationwide an estimated 82 percent of restaurant and bar owners think they will have to close if the RRF is not replenished. April 18, 2022. "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. 11:51 AM on Apr 7, 2022 CDT. Cantwell Statement on Senate Vote to Replenish the COVID-19 Restaurant Revitalization Fund In state, 7,236 restaurants submitted RRF grant applications, but only 3,247 received funding before the money ran out . US restaurant funding looks unlikely, despite new support. COVID-19 devastated the business so when the federal government opened the Restaurant Revitalization Fund on May 5, she applied. The House has passed a bill that would replenish the Restaurant Revitalization Fund. And frankly, it's not enough. Established through the American Rescue Plan Act in the spring of 2021, the Restaurant Revitalization Fund is a $28.6 billion federal grant program administered by the U.S. Small Business Administration (SBA) to help eligible businesses recover from devastating COVID-19 pandemic-related revenue loss. The vote dashed hope of replenishing the Restaurant Revitalization Fund, which ran dry with 177,000 operators looking in from the outside. 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