Restaurant Revitalization Fund Fairness Act
Bill: H.R.7407 | Sponsor: Rep. Roy, Chip (R-TX)
Policy area: Commerce

Summary:
Restaurant Revitalization Fund Fairness Act
This bill requires the Small Business Administration to award restaurant revitalization grants to eligible entities that applied for, but did not receive, a grant during the specified covered time period.

To require the Administrator of the Small Business Administration to 
award Restaurant Revitalization Grants to certain eligible applicants, 
                        and for other purposes.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Restaurant Revitalization Fund 
Fairness Act''.

SEC. 2. RESTAURANT REVITALIZATION GRANTS FOR CERTAIN ELIGIBLE 
              APPLICANTS.

    (a) In General.--The Administrator of the Small Business 
Administration shall, in accordance with section 5003(c) of the 
American Rescue Plan Act of 2021 (15 U.S.C. 9009c(c)), award grants to 
eligible applicants.
    (b) Review.--The Administrator shall review and process 
applications from eligible applicants in the order in which they were 
originally received.
    (c) Repeal.--
            (1) In general.--Paragraph (3) of section 5003(c) of the 
        American Rescue Plan Act of 2021 (15 U.S.C. 9009c(c)(3)) is 
        repealed.
            (2) Conforming amendment.--Section 5003(c)(1) of the 
        American Rescue Plan Act of 2021 (15 U.S.C. 9009c(c)(1)) is 
        amended by striking ``and paragraph (3)''.
    (d) Definitions.--In this section:
            (1) Administrator.--The term ``Administrator'' means the 
        Administrator of the Small Business Administration.
            (2) Covered period; eligible entity.--The terms ``covered 
        period'' and ``eligible entity'' have the meanings given, 
        respectively, in section 5003(a) of the American Rescue Plan 
        Act of 2021 (15 U.S.C. 9009c(a)).
            (3) Eligible applicant.--The term ``eligible applicant'' 
        means one of the 177,300 eligible entities identified by the 
        Administrator that applied during the covered period for a 
        grant under section 5003(c) of the American Rescue Plan Act of 
        2021 (15 U.S.C. 9009c(c)) and was not awarded such a grant.
    (e) Appropriation; Offset.--
            (1) In general.--There is appropriated, out of amounts in 
        the Treasury not otherwise appropriated, for the fiscal year 
        ending September 30, 2022, $43,658,300,559, to remain available 
        until expended, for the Administrator to carry out this 
        section.
            (2) Offset.--Not later than 30 days after the date of the 
        enactment of this Act, there are hereby rescinded 
        $43,658,300,559, to be derived, as determined by the Secretary 
        of the Treasury, from the unobligated amounts available under 
        the following:
                    (A) The Coronavirus Preparedness and Response 
                Supplemental Appropriations Act, 2020 (Public Law 116-
                123).
                    (B) The Families First Coronavirus Response Act 
                (Public Law 116-127).
                    (C) The Coronavirus Aid, Relief, and Economic 
                Security Act (Public Law 116-136).
                    (D) The Paycheck Protection Program and Health Care 
                Enhancement Act (Public Law 116-139).
                    (E) Divisions M and N of the Consolidated 
                Appropriations Act, 2021 (Public Law 116-260).
                    (F) The American Rescue Plan Act of 2021 (Public 
                Law 117-2).
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