US SB4012 | 2019-2020 | 116th Congress

Status

Spectrum: Moderate Partisan Bill (Democrat 31-9-1)
Status: Introduced on June 18 2020 - 25% progression
Action: 2020-06-18 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

RESTAURANTS Act of 2020 Real Economic Support That Acknowledges Unique Restaurant Assistance Needed To Survive Act of 2020 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. 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. Further, an entity that received a loan under the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019) may not apply for or use a restaurant revitalization grant for the same expenses for which the entity received the paycheck protection loan.

Tracking Information

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Title

RESTAURANTS Act of 2020 Real Economic Support That Acknowledges Unique Restaurant Assistance Needed To Survive Act of 2020

Sponsors


History

DateChamberAction
2020-06-18SenateRead twice and referred to the Committee on Finance.

Same As/Similar To

HB7197 (Related) 2020-06-29 - Sponsor introductory remarks on measure. (CR H2598-2599)

Subjects


US Congress State Sources


Bill Comments

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