I 

116TH CONGRESS 

2D SESSION H. R. 7197 

To establish a $120,000,000,000 Restaurant Revitalization Fund to provide 

structured relief to food service or drinking establishments through December 31, 2020, and for other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

JUNE 15, 2020 

Mr. BLUMENAUER (for himself, Mr. FITZPATRICK, Ms. BONAMICI, Mr. 

EVANS, Ms. KUSTER of New Hampshire, Mr. PANETTA, Ms. PINGREE, 

Mr. SMITH of Washington, Mr. WELCH, and Ms. WILD) introduced the 

following bill; which was 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 

A BILL 

To establish a $120,000,000,000 Restaurant Revitalization 

Fund to provide structured relief to food service or drinking establishments through December 31, 2020, and for 

other purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Real Economic Sup5 port That Acknowledges Unique Restaurant Assistance 


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1 Needed To Survive Act of 2020’’ or the ‘‘RES2 TAURANTS Act of 2020’’. 

3 SEC. 2. DEFINITIONS. 

4 In this Act: 

5 (1) COVERED PERIOD.—The term ‘‘covered pe6 riod’’ means the period beginning on February 15, 

7 2020, and ending on December 31, 2020. 

8 (2) ELIGIBLE ENTITY.—The term ‘‘eligible enti9 ty’’— 

10 (A) means a restaurant, food stand, food 

11 truck, food cart, caterer, saloon, inn, tavern, 

12 bar, lounge, or other similar place of business— 

13 (i) in which the public or patrons as14 semble for the primary purpose of being 

15 served food or drink; and 

16 (ii) that, as of March 13, 2020, is not 

17 part of a chain or franchise with not less 

18 than 20 locations doing business under the 

19 same name, regardless of the type of own20 ership of the locations; and 

21 (B) does not include an entity described in 

22 subparagraph (A) that is— 

23 (i) publicly traded, including a sub24 sidiary or affiliate thereof; or 


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1 (ii) part of a State or local govern2 ment facility, not including an airport. 

3 (3) FUND.—The term ‘‘Fund’’ means the Res4 taurant Revitalization Fund established under sec5 tion 3. 

6 (4) PAYROLL COSTS.—The term ‘‘payroll costs’’ 

7 has the meaning given the term in section 

8 7(a)(36)(A) of the Small Business Act (15 U.S.C. 

9 636(a)(36)(A)). 

10 (5) SECRETARY.—The term ‘‘Secretary’’ means 

11 the Secretary of the Treasury. 

12 SEC. 3. RESTAURANT REVITALIZATION FUND. 

13 (a) IN GENERAL.—There is established in the Treas14 ury of the United States a fund to be known as the Res15 taurant Revitalization Fund. 

16 (b) APPROPRIATIONS.— 

17 (1) IN GENERAL.—There is appropriated to the 

18 Fund, out of amounts in the Treasury not otherwise 

19 appropriated, $120,000,000,000, to remain available 

20 until December 31, 2020. 

21 (2) REMAINDER TO TREASURY.—Any amounts 

22 remaining in the Fund after December 31, 2020, 

23 shall be deposited in the general fund of the Treas24 ury. 


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1 (c) USE OF FUNDS.—The Secretary shall use 

2 amounts in the Fund to make grants described in section 

3 4. 

4 SEC. 4. RESTAURANT REVITALIZATION GRANTS. 

5 (a) IN GENERAL.—The Secretary shall award grants 

6 to eligible entities in the order in which the application 

7 is received by the Secretary. 

8 (b) REGISTRATION.—The Secretary shall register 

9 each grant awarded under this section using the employer 

10 identification number of the eligible entity. 

11 (c) APPLICATION.— 

12 (1) IN GENERAL.—An eligible entity desiring a 

13 grant under this section shall submit to the Sec14 retary an application at such time, in such manner, 

15 and containing such information as the Secretary 

16 may require. 

17 (2) CERTIFICATION.—An eligible entity apply18 ing for a grant under this section shall make a good 

19 faith certification— 

20 (A) that the uncertainty of current eco21 nomic conditions makes necessary the grant re22 quest to support the ongoing operations of the 

23 eligible entity; 

24 (B) acknowledging that funds will be used 

25 to retain workers, maintain payroll, and for 


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1 other allowable expenses described in subsection 

2 (e); 

3 (C) that the eligible entity does not have 

4 an application pending for a grant under sub5 section (a)(36) or (b)(2) of section 7 of the 

6 Small Business Act (15 U.S.C. 636) for the 

7 same purpose and duplicative of amounts ap8 plied for or received under this section; and 

9 (D) during the covered period, that the eli10 gible entity has not received amounts under 

11 subsection (a)(36) or (b)(2) of section 7 of the 

12 Small Business Act (15 U.S.C. 636) for the 

13 same purpose and duplicative of amounts ap14 plied for or received under this section. 

15 (3) HOLD HARMLESS.—An eligible entity apply16 ing for a grant under this section shall not be ineli17 gible for a grant if the eligible entity is able to docu18 ment— 

19 (A) an inability to rehire individuals who 

20 were employees of the eligible entity on Feb21 ruary 15, 2020; and 

22 (B) an inability to hire similarly qualified 

23 employees for unfilled positions on or before 

24 December 31, 2020. 


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1 (d) PRIORITY IN AWARDING GRANTS.—During the 

2 initial 14-day period in which the Secretary awards grants 

3 under this section, the Secretary shall— 

4 (1) prioritize awarding grants to marginalized 

5 and underrepresented communities, with a focus on 

6 women and minority-owned and operated eligible en7 tities; and 

8 (2) only award grants to eligible entities with 

9 annual revenues of less than $1,500,000. 

10 (e) GRANT AMOUNT.— 

11 (1) DETERMINATION OF GRANT AMOUNT.— 

12 (A) IN GENERAL.—The amount of a grant 

13 made to an eligible entity under this section 

14 shall be based on the difference in revenues or 

15 estimated revenues of the eligible entity during 

16 a calendar quarter in 2020 as compared to the 

17 same calendar quarter in 2019. 

18 (B) VERIFICATION.—An eligible entity 

19 shall submit to the Secretary such revenue 

20 verification documentation as the Secretary 

21 may require to determine the amount of a grant 

22 under subparagraph (A). 

23 (C) REPAYMENT.—Any amount of a grant 

24 made under this section to an eligible entity 

25 based on estimated revenues in a calendar quarVerDate Sep 11 2014 04:21 Jul 01, 2020 Jkt 099200 PO 00000 Frm 00006 Fmt 6652 Sfmt 6201 E:\BILLS\H7197.IH H7197

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1 ter in 2020 that is above the actual revenues of 

2 the eligible entity during that calendar quarter 

3 shall be converted to a loan that has— 

4 (i) an interest rate of 1 percent; and 

5 (ii) a maturity date of 10 years begin6 ning on January 1, 2021. 

7 (2) REDUCTION BASED ON PPP FORGIVENESS

8 OR EIDL EMERGENCY GRANT.—If an eligible entity 

9 has, at the time of application for a grant under this 

10 section, received an emergency grant under section 

11 1110(e) of the CARES Act (Public Law 116–136) 

12 or loan forgiveness under section 1106 of such Act 

13 related to expenses incurred during the covered pe14 riod, the maximum amount of a grant awarded to 

15 the eligible entity under this section shall be reduced 

16 by the amount of funds expended by or forgiven for 

17 the eligible entity for those expenses using amounts 

18 received under such section 1110(e) or forgiven 

19 under such section 1106. 

20 (3) LIMITATION.—An eligible entity may not re21 ceive more than 1 grant under this section. 

22 (f) USE OF FUNDS.— 

23 (1) IN GENERAL.—During the covered period, 

24 an eligible entity that receives a grant under this 

25 section may use the grant funds for— 


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1 (A) payroll costs; 

2 (B) payments of principal or interest on 

3 any mortgage obligation; 

4 (C) rent payments, including rent under a 

5 lease agreement; 

6 (D) utilities; 

7 (E) maintenance, including construction to 

8 accommodate outdoor seating; 

9 (F) supplies, including protective equip10 ment and cleaning materials; 

11 (G) food and beverage; 

12 (H) debt obligations to suppliers that were 

13 incurred before the covered period; and 

14 (I) any other expenses that the Secretary 

15 determines to be essential to maintaining the el16 igible entity. 

17 (2) RETURNING FUNDS.—If an eligible entity 

18 that receives a grant under this section permanently 

19 ceases operations on or before December 31, 2020, 

20 the eligible entity shall return to the Treasury any 

21 funds that the eligible entity did not use for the al22 lowable expenses under paragraph (1). 

23 (3) CONVERSION TO LOAN.—Any grant 

24 amounts received by an eligible entity under this secVerDate Sep 11 2014 04:21 Jul 01, 2020 Jkt 099200 PO 00000 Frm 00008 Fmt 6652 Sfmt 6201 E:\BILLS\H7197.IH H7197

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1 tion that are unused after December 31, 2020, shall 

2 be immediately converted to a loan with— 

3 (A) an interest rate of 1 percent; and 

4 (B) a maturity date of 10 years. 

5 (g) TAXABILITY.—For purposes of the Internal Rev6 enue Code of 1986— 

7 (1) the amount of a grant awarded to an eligi8 ble entity under this section shall be excluded from 

9 the gross income of the eligible entity; 

10 (2) no deduction shall be denied or reduced, no 

11 tax attribute shall be reduced, and no basis increase 

12 shall be denied, by reason of the exclusion from 

13 gross income provided by subsection; and 

14 (3) an eligible entity that receives a grant under 

15 this section shall not be eligible for the credit de16 scribed in section 2301 of the CARES Act (Public 

17 Law 116–136). 

18 (h) REGULATIONS.—Not later than 15 days after the 

19 date of enactment of this Act, the Secretary shall issue 

20 regulations to carry out this section without regard to the 

21 notice and comment requirements under section 553 of 

22 title 5, United States Code. 

23 (i) APPROPRIATIONS FOR STAFFING AND ADMINIS24 TRATIVE EXPENSES.— 


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1 (1) IN GENERAL.—There is appropriated to the 

2 Secretary, out of amounts in the Treasury not other3 wise appropriated, $300,000,000, to remain avail4 able until December 31, 2020, for staffing and ad5 ministrative expenses related to administering grants 

6 awarded under this section. 

7 (2) SET ASIDE.—Of amounts appropriated 

8 under paragraph (1), $60,000,000 shall be allocated 

9 for outreach to traditionally marginalized and under10 represented communities, with a focus on women, 

11 veteran, and minority-owned and operated eligible 

12 entities, including the creation of a resource center 

13 targeted toward these communities. 

14 SEC. 5. EMERGENCY DESIGNATION. 

15 (a) IN GENERAL.—The amounts provided by this Act 

16 are designated as an emergency requirement pursuant to 

17 section 4(g) of the Statutory Pay-As-You-Go Act of 2010 

18 (2 U.S.C. 933(g)). 

19 (b) DESIGNATION IN SENATE.—In the Senate, this 

20 Act is designated as an emergency requirement pursuant 

21 to section 4112(a) of H. Con. Res. 71 (115th Congress), 

22 the concurrent resolution on the budget for fiscal year 

23 2018. 

Æ 


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