RESTAURANTS Act of 2020
Bill journey · stage 1 of 5
Just introduced
What it doesSummary introduced in house (Jun 15, 2020)
Real Economic Support That Acknowledges Unique Restaurant Assistance Needed To Survive Act of 2020 or the RESTAURANTS Act of 2020
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.
The amount of such a grant shall be reduced by the amount of (1) any emergency grant received for an economic injury disaster loan, or (2) any paycheck protection loan amount forgiven under the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019).
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.
What just happenedJun 29, 2020
Sponsor introductory remarks on measure. (CR H2598-2599)
Who’s behind it
- Introduced in HouseJun 15, 2020
- Jun 29, 2020IntroReferralB00100
Sponsor introductory remarks on measure. (CR H2598-2599)
- Jun 15, 2020IntroReferralH11100
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.
Budget Committee - Jun 15, 2020IntroReferralH11100
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.
Ways and Means Committee - Jun 15, 2020IntroReferralH11100
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.
Financial Services Committee - Jun 15, 2020IntroReferralB00100
Sponsor introductory remarks on measure. (CR E538)
- Jun 15, 2020IntroReferralIntro-H
Introduced in House
- Jun 15, 2020IntroReferral1000
Introduced in House