The National Restaurant Association is asking Congress to replenish the Restaurant Revitalization Fund as the omicron variant hits operators’ businesses.
Last year, lawmakers created the $28.6 billion fund to aid bars and restaurants struggling in the wake of the pandemic. The grants were designed to make up for a restaurant’s full pandemic losses of up to $5 million for a single location or $10 million for a business with fewer than 20 locations. Publicly traded companies were ineligible, but their franchisees could still apply.
Since the fund was depleted, restaurants have been pushing for Congress to replenish it. Several lawmakers have introduced legislation to do so, but the bills haven’t gained traction, and the Biden administration hasn’t appeared interested in supporting the measure.