Ways and Means Committee, Financial Services Committee, Budget Committee
Introduced
In Committee
On Floor
Passed Chamber
Enacted
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. The amount of such a grant shall be reduced by the amount of (1) any emergency grant received for an economic injury disaster loan, or (2) any paycheck protection loan amount forgiven under the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019). 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.
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Timeline
Introduced in House
Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Sponsor introductory remarks on measure. (CR E538)
Sponsor introductory remarks on measure. (CR H2598-2599)
Introduced in House
Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Sponsor introductory remarks on measure. (CR E538)
AppropriationsBusiness expensesCardiovascular and respiratory healthEconomic performance and conditionsEmergency medical services and trauma careFood industry and servicesGovernment lending and loan guaranteesGovernment trust fundsIncome tax exclusionInfectious and parasitic diseasesMinority and disadvantaged businessesSmall businessWages and earningsWomen in business
RESTAURANTS Act of 2020
USA116th CongressHR-7197| House
| Updated: 6/29/2020
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. The amount of such a grant shall be reduced by the amount of (1) any emergency grant received for an economic injury disaster loan, or (2) any paycheck protection loan amount forgiven under the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019). 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.
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Timeline
Introduced in House
Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Sponsor introductory remarks on measure. (CR E538)
Sponsor introductory remarks on measure. (CR H2598-2599)
Introduced in House
Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Sponsor introductory remarks on measure. (CR E538)
AppropriationsBusiness expensesCardiovascular and respiratory healthEconomic performance and conditionsEmergency medical services and trauma careFood industry and servicesGovernment lending and loan guaranteesGovernment trust fundsIncome tax exclusionInfectious and parasitic diseasesMinority and disadvantaged businessesSmall businessWages and earningsWomen in business