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 De-
cember 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 drink-
ing establishments through December 31, 2020, and for 
other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Real Economic Sup-
port That Acknowledges Unique Restaurant Assistance 
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Needed To Survive Act of 2020’’ or the ‘‘RES-
TAURANTS Act of 2020’’. 
SEC. 2. DEFINITIONS. 
In this Act: 
(1) COVERED PERIOD.—The term ‘‘covered pe-
riod’’ means the period beginning on February 15, 
2020, and ending on December 31, 2020. 
(2) ELIGIBLE ENTITY.—The term ‘‘eligible enti-
ty’’— 
(A) means a restaurant, food stand, food 
truck, food cart, caterer, saloon, inn, tavern, 
bar, lounge, or other similar place of business— 
(i) in which the public or patrons as-
semble for the primary purpose of being 
served food or drink; and 
(ii) that, as of March 13, 2020, is not 
part of a chain or franchise with not less 
than 20 locations doing business under the 
same name, regardless of the type of own-
ership of the locations; and 
(B) does not include an entity described in 
subparagraph (A) that is— 
(i) publicly traded, including a sub-
sidiary or affiliate thereof; or 
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(ii) part of a State or local govern-
ment facility, not including an airport. 
(3) FUND.—The term ‘‘Fund’’ means the Res-
taurant Revitalization Fund established under sec-
tion 3. 
(4) PAYROLL COSTS.—The term ‘‘payroll costs’’ 
has the meaning given the term in section 
7(a)(36)(A) of the Small Business Act (15 U.S.C. 
636(a)(36)(A)). 
(5) SECRETARY.—The term ‘‘Secretary’’ means 
the Secretary of the Treasury. 
SEC. 3. RESTAURANT REVITALIZATION FUND. 
(a) IN GENERAL.—There is established in the Treas-
ury of the United States a fund to be known as the Res-
taurant Revitalization Fund. 
(b) APPROPRIATIONS.— 
(1) IN GENERAL.—There is appropriated to the 
Fund, out of amounts in the Treasury not otherwise 
appropriated, $120,000,000,000, to remain available 
until December 31, 2020. 
(2) REMAINDER TO TREASURY.—Any amounts 
remaining in the Fund after December 31, 2020, 
shall be deposited in the general fund of the Treas-
ury. 
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(c) USE
OF
FUNDS.—The Secretary shall use 
amounts in the Fund to make grants described in section 
4. 
SEC. 4. RESTAURANT REVITALIZATION GRANTS. 
(a) IN GENERAL.—The Secretary shall award grants 
to eligible entities in the order in which the application 
is received by the Secretary. 
(b) REGISTRATION.—The Secretary shall register 
each grant awarded under this section using the employer 
identification number of the eligible entity. 
(c) APPLICATION.— 
(1) IN GENERAL.—An eligible entity desiring a 
grant under this section shall submit to the Sec-
retary an application at such time, in such manner, 
and containing such information as the Secretary 
may require. 
(2) CERTIFICATION.—An eligible entity apply-
ing for a grant under this section shall make a good 
faith certification— 
(A) that the uncertainty of current eco-
nomic conditions makes necessary the grant re-
quest to support the ongoing operations of the 
eligible entity; 
(B) acknowledging that funds will be used 
to retain workers, maintain payroll, and for 
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other allowable expenses described in subsection 
(e); 
(C) that the eligible entity does not have 
an application pending for a grant under sub-
section (a)(36) or (b)(2) of section 7 of the 
Small Business Act (15 U.S.C. 636) for the 
same purpose and duplicative of amounts ap-
plied for or received under this section; and 
(D) during the covered period, that the eli-
gible entity has not received amounts under 
subsection (a)(36) or (b)(2) of section 7 of the 
Small Business Act (15 U.S.C. 636) for the 
same purpose and duplicative of amounts ap-
plied for or received under this section. 
(3) HOLD HARMLESS.—An eligible entity apply-
ing for a grant under this section shall not be ineli-
gible for a grant if the eligible entity is able to docu-
ment— 
(A) an inability to rehire individuals who 
were employees of the eligible entity on Feb-
ruary 15, 2020; and 
(B) an inability to hire similarly qualified 
employees for unfilled positions on or before 
December 31, 2020. 
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ter in 2020 that is above the actual revenues of 
the eligible entity during that calendar quarter 
shall be converted to a loan that has— 
(i) an interest rate of 1 percent; and 
(ii) a maturity date of 10 years begin-
ning on January 1, 2021. 
(2) REDUCTION BASED ON PPP FORGIVENESS 
OR EIDL EMERGENCY GRANT.—If an eligible entity 
has, at the time of application for a grant under this 
section, received an emergency grant under section 
1110(e) of the CARES Act (Public Law 116–136) 
or loan forgiveness under section 1106 of such Act 
related to expenses incurred during the covered pe-
riod, the maximum amount of a grant awarded to 
the eligible entity under this section shall be reduced 
by the amount of funds expended by or forgiven for 
the eligible entity for those expenses using amounts 
received under such section 1110(e) or forgiven 
under such section 1106. 
(3) LIMITATION.—An eligible entity may not re-
ceive more than 1 grant under this section. 
(f) USE OF FUNDS.— 
(1) IN GENERAL.—During the covered period, 
an eligible entity that receives a grant under this 
section may use the grant funds for— 
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(A) payroll costs; 
(B) payments of principal or interest on 
any mortgage obligation; 
(C) rent payments, including rent under a 
lease agreement; 
(D) utilities; 
(E) maintenance, including construction to 
accommodate outdoor seating; 
(F) supplies, including protective equip-
ment and cleaning materials; 
(G) food and beverage; 
(H) debt obligations to suppliers that were 
incurred before the covered period; and 
(I) any other expenses that the Secretary 
determines to be essential to maintaining the el-
igible entity. 
(2) RETURNING FUNDS.—If an eligible entity 
that receives a grant under this section permanently 
ceases operations on or before December 31, 2020, 
the eligible entity shall return to the Treasury any 
funds that the eligible entity did not use for the al-
lowable expenses under paragraph (1). 
(3) 
CONVERSION
TO
LOAN.—Any 
grant 
amounts received by an eligible entity under this sec-
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tion that are unused after December 31, 2020, shall 
be immediately converted to a loan with— 
(A) an interest rate of 1 percent; and 
(B) a maturity date of 10 years. 
(g) TAXABILITY.—For purposes of the Internal Rev-
enue Code of 1986— 
(1) the amount of a grant awarded to an eligi-
ble entity under this section shall be excluded from 
the gross income of the eligible entity; 
(2) no deduction shall be denied or reduced, no 
tax attribute shall be reduced, and no basis increase 
shall be denied, by reason of the exclusion from 
gross income provided by subsection; and 
(3) an eligible entity that receives a grant under 
this section shall not be eligible for the credit de-
scribed in section 2301 of the CARES Act (Public 
Law 116–136). 
(h) REGULATIONS.—Not later than 15 days after the 
date of enactment of this Act, the Secretary shall issue 
regulations to carry out this section without regard to the 
notice and comment requirements under section 553 of 
title 5, United States Code. 
(i) APPROPRIATIONS FOR STAFFING AND ADMINIS-
TRATIVE EXPENSES.— 
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(1) IN GENERAL.—There is appropriated to the 
Secretary, out of amounts in the Treasury not other-
wise appropriated, $300,000,000, to remain avail-
able until December 31, 2020, for staffing and ad-
ministrative expenses related to administering grants 
awarded under this section. 
(2) SET
ASIDE.—Of amounts appropriated 
under paragraph (1), $60,000,000 shall be allocated 
for outreach to traditionally marginalized and under-
represented communities, with a focus on women, 
veteran, and minority-owned and operated eligible 
entities, including the creation of a resource center 
targeted toward these communities. 
SEC. 5. EMERGENCY DESIGNATION. 
(a) IN GENERAL.—The amounts provided by this Act 
are designated as an emergency requirement pursuant to 
section 4(g) of the Statutory Pay-As-You-Go Act of 2010 
(2 U.S.C. 933(g)). 
(b) DESIGNATION IN SENATE.—In the Senate, this 
Act is designated as an emergency requirement pursuant 
to section 4112(a) of H. Con. Res. 71 (115th Congress), 
the concurrent resolution on the budget for fiscal year 
2018. 
Æ 
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