RESTAURANTS Act of 2021

Bill: 117-hr-793
Sponsor: Rep. Blumenauer, Earl [D-OR-3]
Introduced: 2021-02-04 in the House
Policy area: Commerce
Subjects: Appropriations
Business expenses
Cardiovascular and respiratory health
Child care and development
Congressional oversight
Corporate finance and management
Economic performance and conditions
Educational facilities and institutions
Elementary and secondary education
Emergency medical services and trauma care
Employee leave
Financial services and investments
Food industry and services
Government information and archives
Government lending and loan guarantees
Government trust funds
Income tax exclusion
Infectious and parasitic diseases
Minority and disadvantaged businesses
Small business
Veterans' education, employment, rehabilitation
Wages and earnings
Women in business

Summary:
action_date: 2021-02-04
text: 

Real Economic Support That Acknowledges Unique Restaurant Assistance Needed To Survive Act of 2021 or the RESTAURANTS Act of 2021

 
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 such as payroll, operational expenses, and paid sick leave.
 
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 in 2019. For tax purposes, grant amounts are excluded from the recipient's gross income.
 
An entity that received a loan under the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019) may not apply for or use a restaurant revitalization grant for the same expenses for which the entity received the paycheck protection loan. Further, a grant applicant may request an additional amount to cover the cost of providing 10 days of paid sick leave to its employees.
 
Treasury must report a list of grant recipients with the amount each recipient received, as well as demographics and other specified information.


Legislative actions:
action_date: 2021-02-04
text: 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.
action_date: 2021-02-04
text: 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.
action_date: 2021-02-04
text: 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.
action_date: 2021-02-04
text: Introduced in House
action_date: 2021-02-04
text: Introduced in House