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). April 7, 2022. Restaurant Revitalization Fund was originally created when the American Rescue Plan Act was created and funded. (All Actions) Roll Call Votes: There have been 2 roll call votes: . The Senate still needs to approve this bill, and then all eligible restaurants in Springfield, Massachusetts can access new RFF funds. 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 primary spherical of the $28.6 billion Restaurant Revitalization Fund was "meant as a down fee," Senator Majority Chief Chuck Schumer beforehand advised The New York Occasions. In state, 7,236 restaurants submitted RRF grant applications, but only 3,247 received funding before the money ran out. operations caused by COVID. Restaurant Revitalization Fund (RRF) What Is It? WASHINGTON D.C. - Today, the Independent Restaurant Coalition (IRC) and members of Congress celebrated the passage of the Relief for Restaurants and Other Hard Hit Small Businesses Act of 2022 (H.R. Demand for Restaurant Revitalization Fund assistance drastically outpaced the $28.6 billion in approved federal funding, so I am working on a bipartisan basis to deliver additional aid," said Senator Reed, who notes that local restaurants played a key role in protecting public health during the height of the pandemic and the brick and mortar . However, this fund was quickly depleted, and many restaurants are still struggling to keep their doors open. The group of senators sought unanimous consent to pass the funding . In March 2022, Congress excluded the RFF from their budget talks, leaving the 177,000 would-be recipients at a . WASHINGTON, D.C. - Today, U.S. The U.S. Senate voted Thursday against replenishing the Restaurant Revitalization Fund, blocking a bill that would have provided $48 billion in financial relief to businesses negatively impacted . This is the one from the 117 th Congress. This news surely disappoints restaurant industry advocates, who have been calling on legislators to refill the Restaurant Revitalization Fund—a $28 billion fund that was rapidly depleted due to high demand for relief in 2021. Even the Restaurant Revitalization Fund, with its . Whereas many restaurant operators had been too late to get funding . In fact, Ballotopedia reports that most (19 of 26) Republican governors issued lock down orders during March and April 2020 amidst the . In what the National Restaurant Association called "a devastating blow to the restaurant industry and small business operators," the U.S. Senate on Thursday failed to advance the Small Business COVID Relief Act of 2022. Most of you likely know about the Restaurant Revitalization Fund (RRF), a $28.6 billion grant program for struggling restaurants and bars that President Biden signed into law in 2021 as part of . After the RRF portal opened final 12 months, the fund shortly ran out of cash in Could 2021. The final vote was 52-43. 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. The Restaurant Revitalization Fund (RRF) was a critical lifeline for restaurant operators struggling to keep their doors open during the pandemic. WASHINGTON, DC — Only 446 RI restaurants of 1,969 applicants won Restaurant Revitalization Fund grants, far short of the $315 million asked, part of a national theme U.S. A bipartisan group of senators — including U.S. Senate committee on small business and entrepreneurship chair Ben Cardin (D-Md. The first bill, the Continuing Emergency Support for Restaurants Act, would set aside $48 billion more in funding for the Restaurant Revitalization Fund, to help restaurants who may have missed . RRF refill bill fails to pass Senate in major blow to… Restaurant News. Washington, D.C. - U.S. 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. That means there are other bills with the number H.R. 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. On Thursday, the . The Senate is about to take a vote on whether or not to debate the issue. That's why some local restaurants hope the Senate will vote to replenish the Restaurant Revitalization Fund this week. The Senate declined to advance the bipartisan $48 billion Small Business COVID Relief Act (which included a $40 billion replenishment of the Restaurant Revitalization Fund) in a vote on Tuesday . If it gets the 60 votes needed to open the floor on debate, the Senate could vote this small business aid bill up or down by the end . Bills numbers restart every two years. The Restaurant Revitalization Fund Replenishment Act of . Despite having garnered support from the House of Representatives, which voted yes back in early April, the $40 billion Restaurant Revitalization Fund replenishment bill was effectively killed in the Senate yesterday in a 52 v 43 vote, missing the 60 votes needed to pass. 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). Senator Michael Bennet, a member of the U.S. Senate Finance Committee, co-sponsored the Continuing Emergency Support for Restaurants Act, led by U.S. That fund rescued many businesses as they were able to open back up in 2021. Senators Ben Cardin (D-Md.) INDIANAPOLIS — The pandemic may seem like it is mostly in the review mirror but some local restaurants are still feeling the effects financially. The American Rescue Plan created the Restaurant Revitalization Fund to provide more than $28 billion for struggling restaurants. RESTAURANT REVITALIZATION FUND The American Rescue Plan Act established the Restaurant Revitalization Fund (RRF) to provide funding to help restaurants and other . It was purposefully underfunded and created competitive disadvantages in local markets by allowing recipients to use the federal funds for expansive uses such as large hiring bonuses, facility enhancements, and to pay off business debts. Eater - After months of political jockeying, the Restaurant Revitalization Fund is officially dead. Despite having garnered support from the House of Representatives, which voted yes back in early April, the $40 billion Restaurant Revitalization Fund replenishment bill was effectively killed in the Senate yesterday in a 52 v 43 vote, missing the 60 votes needed to pass. After months of political maneuvering, the Restaurant Revitalization Fund is officially dead. 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.. Senate - 04/07/2022 Received in the Senate. Just after three weeks of launch, the fund aided 101,000 businesses, but left another 177,000 qualified applicants in a bind; among them were about 20,000 in California. ), to provide $48 billion in additional funding to the U.S. Small Business Administration's (SBA's) Restaurant Revitalization Fund (RRF). The Senate is about to take a vote on whether or not to debate the issue. and Roger Wicker (R-Miss. Senate Majority Leader Chuck Schumer (D-N.Y.) had originally indicated that he would schedule a vote for the beginning of the week. The Restaurant Revitalization Fund depleted quickly as the number of applicants surpassed the number of available funds. operations caused by COVID. Groups like the Independent Restaurant Coalition maintain that replenishing the program is crucial to the survival of . This McDonald's fan has a burger streak like few others. National Restaurant Association Statement on Small Business COVID Relief Act of 2022 vote WASHINGTON, May 19, 2022 /PRNewswire/ -- Today, the U.S. Senate failed to advance the Small Business COVID . As a recap, the Restaurant Revitalization Fund was created to give restaurants and other hospitality-related businesses the financial assistance that they need to get through this world-wide pandemic.To ensure all types of restaurant owners receive funding, including smaller establishments and minority . "Restaurants were promised relief in the American Rescue Plan, but 67 percent of restaurants received nothing when the funds were . 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 . 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 legislation passed with some bipartisan support. This legislation would allocate $42 billion for the Restaurant Revitalization Fund (RRF) and $13 billion for other businesses impacted by the pandemic. Senate - 04/07/2022 Received in the Senate. As Staley, who says she's had more that 40 meetings at the Senate, mentioned, aid thus far has been a mixed bag for independents, to put it lightly. A bill to flow millions of additional dollars into the pandemic-area Restaurant Revitalization Fund failed to pass the U.S. Senate Thursday. The National Restaurant Association called the vote "a devastating blow to the restaurant industry and small business operators around the country," while the Independent Restaurant Coalition (IRC . This money would go to the thousands of . But only about one . RRF refill bill fails to pass Senate in major blow to… Restaurant News. the bill won't be considered anytime soon in the Senate. The legislation also required the SBA to prioritize applications from women-, minority- and Veteran-owned small businesses. BeerBoard Names Josh Solomon Vice President of Channel Partnerships. WASHINGTON, DC - Today, Senator Maria Cantwell (D-WA) released the following statement after the Senate failed to pass additional funding for the Restaurant Revitalization Fund. As a member of the U.S. Senate Committee on Small Business and Entrepreneurship, . Restaurant Revitalization Fund Replenishment Act of 2021: Identical bill: CRS: 06/16/2021 Read twice and referred to the Committee on Small Business and Entrepreneurship. Unfortunately, nearly 4,000 Washington restaurants that qualified for RRF are still waiting for . A large chunk of the bill, $42 billion, would replenish the Restaurant Revitalization Fund, . Restaurant News. 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. RRF could provide an additional $48 billion for restaurants and other businesses. Last month, the U.S. House . On April 7 the U.S. House of Representatives passed the Relief for Restaurants and other Hard Hit Small Businesses Act of 2022 which includes additional funding for the Restaurant Revitalization Fund (RRF) and new funding for "hard hit" industries. 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 Senate still needs to approve this bill, and then all eligible restaurants in Springfield, Massachusetts can access new RFF funds. today issued a statement after the U.S. Senate failed to meet the 60-vote threshold needed to proceed to a debate on S.4008.The bipartisan legislation was introduced by Cardin and U.S. A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law. 3807. According to The National Restaurant Association, when the Biden Administration took office in January of 2021, the Restaurant Revitalization Fund, established with the American Rescue Plan Act . In February, I joined local Rochester area restaurateurs to announce my sponsorship of H.R. In what the National Restaurant Association called "a devastating blow to the restaurant industry and small business operators," the U.S. Senate on Thursday failed to advance the Small Business COVID Relief Act of 2022. The bill would have added $40 billion to the RRF, which would . In state, 7,236 restaurants submitted RRF grant applications, but only 3,247 received funding before the money ran out. 3807, the Restaurant Revitalization Fund Replenishment Act, calling for an additional $60 billion to be added to the fund. WASHINGTON, DC - Today, Senator Maria Cantwell (D-WA) released the following statement after the Senate failed to pass additional funding for the Restaurant Revitalization Fund. FOR IMMEDIATE RELEASE: February 18, 2022 Contact: [email protected], 202-224-4343 WASHINGTON, D.C. - Yesterday, U.S. The final vote was 52-43. Senate Could Consider Restaurant Revitalization Fund Bill This Week. ), and Senate Majority Leader Chuck Schumer (D-N.Y.) — introduced legislation Saturday to add $48 billion in emergency funding to the depleted Restaurant Revitalization Fund. In GovTrack.us, a database of bills in the U.S. Congress. A bill to amend the American Rescue Plan Act of 2021 to increase appropriations to Restaurant Revitalization Fund, and for other purposes. "Throughout the pandemic, restaurants . The Democratic senators sent . Restaurant News. The Restaurant Revitalization Fund Replenishment Act of . According to information. • 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 After months of political jockeying, the Restaurant Revitalization Fund is officially dead. . The vote is a . A bill to add $40 billion to the depleted Restaurant Revitalization Fund (RRF) failed to secure the requisite 60 votes in the U.S. Senate yesterday. Senators Mark R. Warner and Tim Kaine sent a letter to Senate Leadership urging them to provide critical relief to restaurants, bars, and other small businesses in the food and beverage industries severely impacted by the pandemic. The vote is a . The remaining $23.6 billion is available for SBA to award grants in the order in which applications are received, but in an equitable manner based on applicants' annual gross receipts. The Restaurant Revitalization Fund refill is up for a vote next week in the Senate, and Democrats and Republicans disagree on how to fund the $42 billion replenishment. (All Actions) Roll Call Votes: There have been 2 roll call votes: . In their letter, the Senators point to the Restaurant Revitalization Fund (RRF), established by the American Rescue Plan, and . Restaurant Revitalization Fund (RRF) The $28.6 billion RRF was created in the partisan American Rescue Plan. Senators sought to redress Aug. 7. 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.Despite having sponsors on both sides of the aisle, advocates in the Senate failed to secure the requisite 60 votes to pass the legislation. 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. On Thursday, the Senate voted down the Small Business COVID Relief Act of 2022, which would've added $40 billion in relief for the thousands of restaurant owners across the country still struggling after … (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.) 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