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The Senate proposed a $48 billion Restaurant Revitalization Fund replenishment

This is the third proposed restaurant grant refill proposed by Congress; the attempt at unanimous consent was blocked

Joanna Fantozzi, Senior Editor

August 9, 2021

2 Min Read
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There is no word yet on when or if this legislation will be passed.Michael Duva / Stone

Joanna Fantozzi

A bipartisan group of senators — including U.S. Senate committee on small business and entrepreneurship chair Ben Cardin (D-Md.), Roger Wicker (R-Miss.), and Senate Majority Leader Chuck Schumer (D-N.Y.) — introduced legislation Saturday to add $48 billion in emergency funding to the depleted Restaurant Revitalization Fund. The group of senators sought unanimous consent to pass the funding legislation but were blocked by an objection.

“Congress cannot mistake the hopeful signs of recovery for proof that restaurants are back to where they were before the pandemic,” Cardin said in a statement. “Restaurants nationwide remain buried under more than 18 months of debt, and they are struggling to rehire staff and purchase supplies. This bill will guarantee funding to the nearly 180,000 applicants that have yet to receive grants. This can wait no longer, and I regret that my unanimous consent request was objected to today. It is my fear that if Congress fails to act, many of our most cherished restaurants will not survive.”

During the first round of the Restaurant Revitalization Fund, more than 278,000 applications were submitted, but the U.S. Small Business Administration was only able to fund approximately 101,000 businesses. An unknown number of businesses had their promised funds rescinded following the outcome of multiple lawsuits filed by white male restaurant owners claiming that the prioritization of women, minority groups, and veterans was discriminatory.

Related:Congress introduces ENTRÉE Act to add $60 billion to the Restaurant Revitalization Fund

This is the third attempt Congress has made to introduce a replenishment for the Restaurant Revitalization Fund, which closed its round one portal on July 14 after funds were depleted earlier this summer. In June, Congress introduced the Restaurant Revitalization Fund Replenishment Act of 2021 to replenish the fund with $60 billion, but the legislation was never voted on.

In July, Republican Congressman and ranking member of the House Committee on Small Business, Blaine Luetkemeyer, introduced similar legislation — the ENTRÉE Act — that would also add $60 billion funds to the Restaurant Revitalization Fund. This replenishment, in contrast, would be accounted for with funding provided by unspent Economic Injury Disaster Loans and state and local funds from President Biden’s American Rescue Plan.

“These small businesses have already suffered 17 months of losses and are now desperate for help as they face rising food costs and a new wave of consumer hesitancy,” Erika Palmer, executive director of the Independent Restaurant Coalition said in a statement. “The Restaurant Revitalization Fund gave over one hundred thousand businesses and the millions of people they employ a fair shot at survival. That initial program was, in Senator Schumer’s words, a down payment for a much needed, larger investment.”

Related:Advocacy group Independent Restaurant Coalition demands answers from SBA: ‘What happened with the Restaurant Revitalization Fund?’

This call for emergency Restaurant Revitalization Fund grants comes as COVID-19 cases continue to rise and the CDC just issued a statement recommending vaccinated people to start wearing masks again indoors in certain areas of the country as the Delta variant surges.

Contact Joanna at [email protected]

Find her on Twitter: @JoannaFantozzi

About the Author

Joanna Fantozzi

Senior Editor

Joanna Fantozzi is a Senior Editor for Nation’s Restaurant News and Restaurant Hospitality. She has more than seven years of experience writing about the restaurant and hospitality industry. Her editorial coverage ranges from profiles of independent restaurants around the country to breaking news and insights into some of the biggest brands in food and beverage, including Starbucks, Domino’s, and Papa John’s.  

Joanna holds a bachelor’s degree in English literature and creative writing from The College of New Jersey and a master’s degree in arts and culture journalism from the Craig Newmark Graduate School of Journalism at CUNY. Prior to joining Informa’s Restaurants and Food Group in 2018, she was a freelance food, culture, and lifestyle writer, and has previously held editorial positions at Insider (formerly known as Business Insider) and The Daily Meal. Joanna’s work can also be found in The New York Times, Forbes, Vice, The New York Daily News, and Parents Magazine. 

Her areas of expertise include restaurant industry news, restaurant operator solutions and innovations, and political/cultural issues.

Joanna Fantozzi has been a moderator and event facilitator at both Informa’s MUFSO and Restaurants Rise industry events. 

Joanna Fantozzi’s experience:

Senior Editor, Informa Restaurant & Food Group (August 2021-present)

Associate Editor, Informa Restaurant & Food Group (July 2019-August 2021)

Assistant Editor, Informa Restaurant & Food Group (Oct. 2018-July 2019)

Freelance Food & Lifestyle Reporter (Feb. 2018-Oct. 2018)

Food & Lifestyle Reporter, Insider (June 2017-Feb. 2018)

News Editor, The Daily Meal (Jan. 2014- June 2017)

Staff Reporter, Straus News (Jan. 2013-Dec. 2013)

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