The vote dashed hope of replenishing the Restaurant Revitalization Fund, which ran dry with 177,000 operators looking in from the outside. This fund, however, ran out of money relatively quickly and restaurant owners have been asking for months for it to be . The way aid would be dispersed is still under debate, according to Punchbowl News. 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 $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. 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 . Simply put, thousands of restaurants and bars will not survive the winter unless we replenish the Restaurant Revitalization Fund. 80,000 restaurants across the country have closed due to effects the pandemic. The RRF ran out of money in July,leaving nearly 200,000 eligible restaurants without desperately needed funds. "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. March 08, 2022 Hopes for Replenishing RRF Dashed as Omnibus Excludes Additional Relief for Restaurants Spending package to fund the government through 2022 fails to help 177,000 restaurants who were approved for but never received grants last year from the Restaurant Revitalization Fund (RRF). Congress must act now to replenish the RRF in the upcoming legislative package to fund the government," said Kennedy in the letter. 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. The restaurant industry is at an inflection point, and we need your leadership now more than ever. 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 . Congress Set to Replenish the Restaurant Revitalization Fund - Withum The House passed H.R. By Peter Romeo on Jan. 06, 2022. (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.) "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. Suddenly, hopes of securing more federal financial aid for restaurants are alive again in Congress. The U.S. Small Business Administration (SBA . 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. If passed, the RRF would provide billions in grant money to restaurants and other small . That's why some local restaurants hope the Senate will vote to replenish the Restaurant Revitalization Fund this week. But unfortunately, the current budget talks have excluded any provisions addressing industry-focused aid programs. 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). The vote total on Thursday was 52 to 43. She was approved two weeks later but when the money didn't arrive . INDIANAPOLIS — The pandemic may seem like it is mostly in the review mirror but some local restaurants are still feeling the effects financially. The vote total on Thursday was 52 to 43. The Senate is about to take a vote on whether or not to debate the issue. "The Omicron variant is causing more strife for restaurants and bars in such peril that they might not survive the winter." Applications for Restaurant Revitalization Fund grants opened on Monday, May 3rd and closed on May 24, 2021. Overview of the Restaurant Revitalization Fund; What is the Current Status of the Restaurant Revitalization Fund? 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 . The call to action . COVID-19 devastated the business so when the federal government opened the Restaurant Revitalization Fund on May 5, she applied. Political leaders across the country and . . On April 7, 2022, the House of Representatives passed legislation that would provide $42 billion for the replenishment of the RRF. 278,304 = 177,000 = Our goal is to create a safe and engaging place for users to connect over interests and passions. As a member, you'll also enjoy exclusive benefits, including access to proprietary industry research and one-on-one . April 18, 2022. Updated: Jan 31, 2022 / 06:11 PM CST. Procedurally-related: H.Res.1033 is a House rule related to H.R.3807 Other co . Yet it's still an "amazing step forward," Kennedy says. According to research by the National Restaurant Association, the RRF saved more than 900,000 jobs at restaurants that received grants. Restaurant and bar owners should monitor the legislative situation so as not to miss out RRF funding of up to $5 million. WASHINGTON, D.C. - U.S. Companion legislation in the . 11:51 AM on Apr 7, 2022 CDT. The proposal, on the COVID relief program, made its way to the House Committee on Rules on Tuesday. (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 . 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 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. More than 278,000 restaurants applied for RRF grants, with 101,000 applications funded before the $28.6 billion program was depleted. The RRF has been a critical lifeline for struggling businesses. 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) . 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. Kennedy admitted it's far from the final battle. As expected, the amount of need for Restaurant Revitalization Fund grants has been tremendous. The portal for the Restaurant Revitalization Fund officially closed this past week "The National Restaurant Association and our state partners are working with our Capitol Hill supporters on a legislative strategy to replenish the RRF," Sean Kennedy, the Association's EVP of public affairs, said in an email Wednesday. (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 . The bill would refund the program with $60 Billion. 3807) to amend the American Rescue Plan Act of 2021 to increase appropriations to the Restaurant Revitalization Fund, and for other purposes. The SBA closed the Restaurant Revitalization Fund (RRF) three weeks after received more than 362,00 applications requesting close to $80 billion in assistance. US restaurant funding looks unlikely, despite new support. 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. 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 . Only 34% of restaurants who applied for the federal Restaurant Revitalization Fund were able to receive financial assistance. Their estimates indicate that fully . NASHVILLE, Tenn. (WKRN) — Over a half-billion dollars in federal COVID-19 relief funds have not yet been allocated. Over half of restaurants that didn't get federal aid are in danger of closing Apr 15 If passed, the RRF would provide billions in grant money to restaurants and other small . Now, Memphis restaurant owners are asking for the public's help as they continue to navigate the ongoing pandemic. 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. have been desperately waiting for the Restaurant Revitalization Fund to be replenished so that they can get the help they were promised. This guide explains why restaurants need the RRF replenished in order to recover . The Independent Restaurant Coalition said there were more than 500,000 independent restaurants and bars that were supporting 16 million jobs before the pandemic. This program was designed to provide funding to restaurants and bars impacted by the pandemic. In addition, current and former mayors from 28 cities called on members of Congress to replenish the RRF. The bill would spend another $42 billion on grants to . 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 . Vermont Congressman Peter Welch wants to replenish the Restaurant Revitalization Fund to help places that missed out the first time around. 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 . 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. DAYTON, Ohio (WDTN) - The Ohio restaurant industry is calling on Congress to replenish the Restaurant Revitalization Fund that ran out of money earlier this . have been desperately waiting for the Restaurant Revitalization Fund to be replenished so that they can get the help they were promised. The vote dashed hope of replenishing the Restaurant Revitalization Fund, which ran dry with 177,000 operators looking in from the outside. Let's go through what's available. The vote is a . Restaurant Revitalization Fund was originally created when the American Rescue Plan Act was created and funded. 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. August 2021. Contact your Representatives to make them aware of your situation and ask for assistance. 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 . 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 Small Business Administration (SBA) must provide to applicants an explanation for denied applications, establish a reconsideration process for denied applications, and . 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. 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. 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 . Some steps to take: Contact the SBA at 844-279-8898. 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 . Lawmakers passed the bill mostly along party lines, 223-203. 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 . January 27, 2022, 6:10 AM. That fund rescued many businesses as they were able to open back up in 2021. Levin is one of the co-sponsors of a bi-partisan bill referred to as the Restaurant Revitalization Fund Replenishment Act of 2021. 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). ), to push through a replenishment of the Restaurant Revitalization Fund (RFF). The Restaurant Revitalization Fund Replenishment Act is looking for $60 billion in additional funding. 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. On Monday, Jan. 24, 2021, at noon ET, the Association will be joined by two small business restaurant operators . 3807, the Relief for Restaurants and other Hard-Hit Small Businesses Act, which would replenish the Restaurant Revitalization Fund and establish a 'Hard-Hit Industries Award Program' to keep employees on the payroll at businesses impacted . Congressman Earl Blumenauer (D-OR) is leading 165 lawmakers in urging the Biden administration to support and advocate for the swift replenishment of the Restaurant Revitalization Fund (RRF). 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). In March 2022, Congress excluded the RFF from their budget talks, leaving the 177,000 would-be recipients at a . This is why I have cosponsored the ENTRÉE Act to replenish the Restaurant Revitalization Fund (RRF) and make needed reforms to the program. Contact your bank to ensure that the deposit has not been blocked due to fraud prevention systems. 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. Unfortunately, that allocation wasn't nearly enough to meet the demand. With so many restaurants struggling, the National Restaurant Association is calling on congress to replenish the Restaurant Revitalization Fund. (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.) 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). The optimism has been stoked by the resumed efforts of two powerful senators, Ben Cardin (D-Md.) Not giving restaurants relief would be "catastrophic," the mayors wrote. PUBLISHED 6:22 PM ET Apr. 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 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 . "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. Today, Congressman Chris Pappas (NH-01), Co-Chair of the bipartisan House Small Business Caucus, issued the following statement after helping pass H.R. "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. 3807) to replenish the Restaurant Revitalization Fund with $60 billion has attracted the cosponsorship of more than half the House. 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 . And frankly, it's not enough. 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. Under Congressman Welch's plan, $42 billion would go . But only about one . To date, 278,304 restaurants applied for RRF . The US Senate could vote this week on whether or not to replenish the Restaurant Revitalization Fund (RRF). United States mayors and legislators are urging the government to replenish the Restaurant Revitalization Fund (RRF), but it is looking increasingly unlikely. . Update: And just like that, the replenishment of the Restaurant Revitalization Fund (RRF) may be alive again. 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 . Legislation in the House of Representatives (H.R. 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. Scalise Joins Efforts to Replenish, Fix Restaurant Revitalization Fund (RRF) Program WASHINGTON, D.C. — Today, House Republican Whip Steve Scalise (R-La.) 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.. announced he is joining the Entrepreneurs Need Timely Replenishment for Eating Establishments (ENTRÉE) Act as a cosponsor. 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 . The money could replenish the existing Restaurant Revitalization Fund or perhaps target only restaurants that. 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. Providing for consideration of the bill (H.R. The vote is a . 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 . 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 US Senate could vote this week on whether or not to replenish the Restaurant Revitalization Fund (RRF). and Roger Wicker (R-Miss. Updated: Jul 16, 2021 / 06:46 PM EDT. 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 SBA estimates they need $43.6 billion to fund the unmet applications currently stuck in the RRF queue. 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). Nearly 177,000 eligible restaurants did not receive RRF grants as the program ran out of funds in a matter of weeks. More than 278,000 restaurants applied for RRF grants, with 101,000 applications funded before the $28.6 billion program was depleted. 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 call to action aligns with a nationwide movement . Jump to Section. A senior official with President Joe Biden's administration said there will likely not be additional economic stimulus . 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 . RRF Replenishment Brief. The House has passed a bill that would replenish the Restaurant Revitalization Fund. As of May 18, the Small Business Administration has received more than 303,000 applications representing over $69 billion in requested funds. April 6 - The House of Representatives approved a bill to replenish the Restaurant Revitalization Fund (RRF).All eyes now turn to the Senate. 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. Is about to take a vote on whether or not to miss out funding. As of may 18, the National Restaurant Association is calling on Congress to replenish Restaurant... 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