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RESTAURANTS Act of 2020

Introduced: June 18, 2020 Introduced by: Wicker, Roger F. Republican · Mississippi See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jun 18, 2020

Read twice and referred to the Committee on Finance.

Jun 18, 2020

Introduced in Senate

Plain-English summary Congressional Research Service

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

What's happening now June 18, 2020

Read twice and referred to the Committee on Finance.

Committees of jurisdiction 1