Congress will be introducing a $60 billion replenishment of the Restaurant Revitalization Fund on Thursday after the U.S. Small Business Administration received requests for more than triple the allocated funds the first time around, according to the National Restaurant Association.
The Restaurant Revitalization Fund Replenishment Act of 2021 would more than double the original $28.6 billion of relief for restaurants and will be introduced as a bipartisan effort again by Sens. Kyrsten Sinema (D-AZ) and Roger Wicker (R-MS) and Reps. Earl Blumenauer (D-PA) and Brian Fitzpatrick (R-PA).
“When the RRF portal closed in May, small business restaurant owners all wanted to know ‘what’s next’ for their pending applications,” Sean Kennedy, executive vice president of public affairs for the National Restaurant Association said in a statement. “The introduction of this additional $60 billion in funding not only answers that question but proves once again that Congress understands and supports the foodservice industry.”