The U.S. House and Senate passed a bill, S.4008, which would've added $40 billion to the plan - a significant increase over the approximate $29 billion originally proposed in the RRF. And by the third quarter of 2021, Britschgi writes, the number of restaurants had surpassed pre-pandemic levels.. By the time it closed in July 2021, the RRF. Recipients that are unable to use all of the funds received on eligible expenses by the end of the covered period must return any unused funds to the Treasury. The bill also would provide $13 billion for a Hard Hit Industries Award Program for small Arriving as federal spending has driven inflation to a 40-year high, the Replenishment Act indicates disregard for this rule: When you are in a hole, quit digging. The legislation would also provide $13 billion for other businesses affected by the pandemic, and it would establish oversight and reporting requirements to ensure grants are awarded properly and to verify the use of funding. According to the American Rescue Plan Act of 2021 (ARPA), the amounts received from the SBA in the form of a Restaurant Revitalization Grant shall not be included in gross income (non-taxable); additionally, the expenses incurred are deductible. SBA took steps to detect fraudulent or ineligible applications. We are beyond disappointed that this massive government funding proposal ignores the needs of 177,300 neighborhood restaurants and bars impacted by the pandemic, IRC executive director Erika Polmar said. After congress walked away from the funds replenishment in March 2022 and the Senate failed to pass the replenishment in May 2022, 177,000 establishments were left without aid. The SBA is set to award an added $180 million in unspent funds allocated for the Restaurant Revitalization Fund (RRF) back in 2021. This plan should include coordinating with the OIG. Would a grant recipient ever have to pay back any of the funds? The U.S. House of Representatives voted yes on a bill Thursday that would provide $42 billion in relief to foodservice businesses that originally applied for the . However, for expensesses incurred on February 15, 2020 or after, be careful not to use the following: So long as funds are utilized for eligible applications no later than March 11, 2023, there is no requirement for recipients to repay the funding. (Recommendation 3), The Associate Administrator for the Office of Capital Access should enhance RRF post-award reporting procedures by adding requirements for recipients to report their operating status. Curso de Amostrador 2022. Congress eventually set aside $28.6 billion dollars for the RRF in the American Rescue Plan Act. Nevertheless, the Replenishment bill barely passed the House 223 to 203 in April, with only six Republicans favoring it and only four Democrats opposed. 3807 passes the House and then the Senate, it would be a massive victory for restaurants that are struggling to shake the effects of past dining room restrictions as they navigate supply chain shortages, surging inflation and a historic labor shortfall. (Recommendation 7), Restaurant Revitalization Fund: Opportunities Exist to Improve Oversight. This news doesnt exactly come as a surprise, but earlier this year, there was some hope that more money was coming. Ninety-six percent of RRFrecipients said the grant made it more likely that their business would survive. Washington, D.C. - The National Restaurant Association today sent a letter to Congressional leadership encouraging passage of Restaurant Revitalization Fund (RRF) Replenishment if the program comes up for a vote this week. SBA disagreed with five recommendations, including to assess pre-award controls and implement a plan to address fraudulent or ineligible awards. The bill would also put $13 billion toward other businesses impacted by the COVID-19 crisis. We noted in our report, however, that SBA's post-award review procedures for RRF state that flagged awards will be reviewed when the recipients certify that they have spent their entire award or after they submit their final use-of-funds report (not when fraud is initially suspected). In January 2023, SBA stated that it was reviewing 10% of RRF awards to confirm eligibility and use of funds compliance. By June 2021, the funds $28.6 billion had been disbursed to 100,000 applicants in grants averaging $283,000. "With the looming threat of another variant and growing challenges of inflation for both operators and consumers, the economic boost RRF will provide for those 177,000 restaurants would reach far into our communities," Sean Kennedy, NRA's executive vice president of public affairs, wrote in the letter. The CARES Act includes a provision for GAO to monitor federal efforts to respond to the COVID-19 pandemic. Restaurant Revitalization Fund (RRF) Updates. Optimal accounting solutions for small, medium, multi-unit concept, franchise, and enterprise restaurant operators. LISTEN TO THE QUICK UPDATE PODCAST BELOW! As a restaurant owner, youve most definitely heard about the varying RRF updates throughout the last year, how they could possibly impact your establishment, and more. SBA requires recipients to report annually on fund use, but has taken limited steps to enforce reporting requirements and identify fraudulent or ineligible awards. About the National Restaurant AssociationFounded in 1919, the National Restaurant Association is the leading business association for the restaurant industry, which comprises nearly 1 million restaurant and foodservice outlets and a workforce of 14.5 million employees. LOOK What Happened When This Restaurant Posted a Politically Incorrect Sign. Lawmakers approved the measure in a 223-203 vote, with only about a handful of Republicans backing it. Open

Actions to satisfy the intent of the recommendation have not been taken or are being planned.

, Executive Candidate Assessment and Development Program, Business Regulation and Consumer Protection, The Associate Administrator for the Office of Capital Access should conduct and document an assessment of the RRF pre-award controls and address or mitigate deficiencies. Follow. By the time it closed in July 2021, the RRF gave out just about a third of the grant requests that it received because the demand was so great. As a result, the U.S. Congress introduced legislation called the Restaurant Revitalization Fund (RRF) to help restaurants get back on their feet. This recommendation will remain open until SBA provides evidence of conducting data analytics across RRF awards to detect potentially fraudulent recipients. This recommendation will remain open until SBA develops and implements policies and procedures for addressing RRF award recipients who do not meet annual reporting requirements. 3807), that included $42 billion to replenish the RRF, on April 7. "I think right now it's hard to as you saw, even with the $10 billion package of new money for Covid unless they can reprogram or repurpose it, it's going to be a hard sell," he said Thursday afternoon as he exited Capitol. Congress can talk about refilling the Restaurant Revitalization Fund, but it can never be full enough to service all factions who can claim, with some plausibility, that they experienced unfairness not easily distinguished from that suffered by factions who benefited from the first $28 billion. ABC News reported on the story, where Anon explained how he was fed up with how sensitive people have gotten . The bill would provide $42 billion to replenish the RRF. Recipients cannot claim wages paid with RRF grant money as wages for purposes of the ERTC or PPP forgiveness. the aid could benefit? Restaurant Industry News and Resources in Georgia. The SBA is set to award an added $180 million in unspent funds allocated for the Restaurant Revitalization Fund (RRF) back in 2021. The House already has passed H.R. Hes also encouraged people to stop working from home and head back into their offices in an effort to move forward after two years of absolute chaos and devastation. Among the 435 congressional districts, surely not one lacks businesses eligible for aid, especially from the Senate bill. The unions proposals often focus on specific changes to systems workers interact with all day, every day, including equipment and mobile ordering. "After navigating an unpredictable supply chain, multiple COVID-19 surges, and dealing with revenue-hampering restrictions, these businesses have two years of crushing debt," Erika Polmar, the IRC's executive director, said in a statement. Rebecca Shabad is a politics reporter for NBC News based in Washington. Consider the House-passed, $55 billion Restaurant Revitalization Fund Replenishment Act, which could be the No Faction Left Behind Act.. H.R.3807 - Restaurant Revitalization Fund Replenishment Act of 2021 117th Congress (2021-2022) Bill Hide Overview More on This Bill Constitutional Authority Statement CBO Cost Estimates [0] Subject Policy Area: Commerce View subjects Give Feedback on This Bill Contact Your Member Summary (2) Text (3) Actions (17) Titles (3) Amendments (1) Last year, lawmakers created. This recommendation will remain open until SBA develops and implements a plan to respond to potentially fraudulent and ineligible awards in a prompt manner. With so many questions surrounding the RRF, we created this resource and guide to provide answers. In March 2021, Congress appropriated $28.6 billion to the Small Business Administration to help the food service industry weather the COVID-19 pandemic. The National Restaurant Association is asking Congress to replenish the Restaurant Revitalization Fund as the Covid omicron variant hits operators' businesses. "We must continue to look forward because the enormous challenges of the industry will continue beyond today. There comes a point where the right policy is: Stop smoothing. The restaurant industry was the hardest hit by the pandemic. Both political parties agreed that the RRF should be replenished but couldn't reach a consensus on how to pay for it. Get the free daily newsletter read by industry experts. UPDATE: April 6, 2022:Sen. Benjamin Cardin (D-MD) introduced a bill similar to the one before the House Tuesday night. Use of Funds Validation is now available for Restaurant Revitalization Fund awardees. Six weeks ago six weeks of economic recovery ago Britschgi noted that in general, there are more small businesses open today than existed before the pandemic. And almost all government-dictated restrictions on commerce have ended. Or 28,399 closures. The NRA wrote a letter to Congress on Monday urging policymakers to pass legislation that would refill the fund. The House is expected to vote on the bill,which has a mix of 234 Democratic and Republican sponsors, this week. It should take place Monday or Tuesday . Access from your Country was disabled by the administrator. SBA stated that the agency will review a sample of RRF awards and use the results of this review to inform the effectiveness of its post-award procedures. But with Congress having adjourned for a two-week recess, the bill won't be considered anytime soon in the Senate. Lawmakers. All of the funds had to be used for valid cases and claims up to March 11, 2023. Recipients are not required to repay the funding as long as funds are used for eligible uses no later than March 11, 2023. The median award was about $126,000. 3807), which would refill the Restaurant Revitalization Fund with $42 billion,was reintroduced in. In 2020, independent locations declined by 8 percent, according to The NPD Group. Rescuing restaurants (again) ought to give Congress indigestion, Sign up for a weekly roundup of thought-provoking ideas and debates, Alex Murdaughs conviction rested on a fateful phone video. Realizar Login. According to the SBA, they received more than 278,000 applications by June 30th, 2021, seeking more than $72.2 billion in funding. What are eligible expenses and restrictions that RRF grant recipients should know about? According to the SBA, the grants are being released to operators in the order their applications were received. "We hear from restaurants and bars owners each day who applied for a grant and never received one. According to reporting from CNNs Manu Raju, Senate small business and entrepreneurship committee chairman Ben Cardin said on Tuesday, March 8 that Republican opposition means that the Restaurant Revitalization Fund (RRF) will not be replenished. Rep. Earl Blumenauer, D-Ore., the main sponsor of the bill, and Rep. Dean Phillips, D-Minn., said Thursday that more than 80 percent of restaurants that didn't receive grants have reported that they are on the verge of permanent closure, citing a survey from the Independent Restaurant Coalition. It is axiomatic that the titles of congressional bills, like the titles of Marx Brothers movies (Duck Soup, Horse Feathers), are not scrupulously informative. It's unclear whether Democrats in the evenly split Senate will be able to win over at least 10 Republicans to overcome the 60-vote threshold to end any potential filibuster and pass the measure. They said at least 90,000 restaurants and bars have closed since the pandemic started more than two years ago. This recommendation will remain open until SBA enhances its post-award reporting procedures to require recipients to report their operating status. If you are the site owner (or you manage this site), please whitelist your IP or if you think this block is an error please open a support ticket and make sure to include the block details (displayed in the box below), so we can assist you in troubleshooting the issue. According to the Small Business Administration, which handles the fund, restaurants and other eligible businesses can receive funding "equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical location." By June 2021, the fund's $28.6 billion had been disbursed to 100,000 applicants in grants averaging $283,000. The Restaurant Revitalization Fund covered period begins on February 15, 2020 and ends on March 11, 2023. Welp, its (almost) official: when Congress takes up the 2022 omnibus spending bill, there wont be any new money for restaurants that are still struggling after years of pandemic-related losses. In January 2023, SBA stated that it would offer to participate in a government-wide dialogue to address systemic weaknesses related to IRS and territories' tax validation systems. The first reports were due in December 2021, but 32 percent were overdue as of June 2022. That is a serious consideration. WASHINGTON The House passed a $55 billion bill Thursday that would provide assistance to restaurants and other small businesses that have struggled because of the coronavirus pandemic. The SBA will work with the Department of Justice to disburse the money, according to the NRA. SBA agreed or partially agreed with two recommendations. When typing in this field, a list of search results will appear and be automatically updated as you type. From independent operators to hospitality groups, most are disappointed and some are angry that there remains no federal aid to support struggling restaurants. What is the timeframe for using the RRF grant money? The SBA closed the program and stopped accepting applications on July 2nd, 2021. While SBA prevented over 30,000 suspicious applications from receiving awards, GAO identified systemic control weaknesses. The Restaurant Revitalization Fund was established in March 2021 to support eligible entities suffering revenue losses from the COVID-19 pandemic. On April 7, 2022, the House passed H.R. Senha. 3807 (117th). In January 2023, SBA stated that recipients have until March 2023 to exhaust RRF funds. Including $85 million for certain border region businesses, such as those in (herewith a geography lesson) the Northwest Angle, which CQ Roll Call explains is a region of Minnesota that is separated from the rest of the state by the Lake of the Woods but shares land borders with Canada, whose strict pandemic protocols injured Americans living in the Angle. Even the Restaurant Revitalization Fund, with its paltry $28.6 billion in initial funding, wasnt enough to meaningfully help most establishments. In the initial shutdowns, more than eight million industry employees were laid off or furloughed. Reps. Brian Fitzpatrick (R, PA) and Earl Blumenauer (D, OR), and Sens. Nova Inscrio. Atendimento ao inscrito. After this money was distributed, more than 177,000 applications were left in limbo at the SBA. These restaurants fighting for survival cannot go it alone any longer, and should not be treated as a spot in the rear-view mirror of Congress.". 200Littleton, Colorado 80120. Many independently owned restaurants havent been anywhere near profitable since the pandemic began, and its clear that many of them are in a hole that theyll never be able to dig themselves out of. Publicly Released: Jul 14, 2022. New York City got him rehired, KFC is getting rid of 5 menu items but one fan favorite is finally coming back, Wagamamas Food Fight With Hedge Fund Is Delicious, Smart Mobility Data: The Essential Guide to US Retail Location Selection, What Diners Want: 5 Top Trends in the Restaurant Industry, NRA forecasts 2023 job growth, not major recession, Starbucks board opposes labor review backed by NYC pension funds, CA bill would establish joint franchisor-franchisee liability for QSRs, The Relief for Restaurants and Other Hard Hit Small Businesses Act of 2022 (H.R. Taking additional steps to identify and address potentially fraudulent awards in a timely manner could help SBA recover funds. According to the SBA, the RRF provided $28.6 billion to more than 100,000 restaurants, bars, and other businesses that provide on-site food and drink. Keep reading to learn more about RRF grant updates, eligibility, RRF forgiveness, and more. We sponsor the industry's largest trade show (National Restaurant Association Show); leading food safety training and certification program (ServSafe); unique career-building high school program (the NRAEF's ProStart). Painel do Inscrito. The government closed restaurants and bars because they were considered particularly apt to endanger the public by spreading the coronavirus, so the public should compensate everyone for losses suffered on the publics behalf. Stay informed as we add new reports & testimonies. Cardin's bill, S.4008, would provide $40 billion in additional funding for the Restaurant Revitalization Fund. The restaurant industry reacts. Sie knnen Ihre Einstellungen jederzeit ndern, indem Sie auf unseren Websites und Apps auf den Link Datenschutz-Dashboard klicken. Recipients are not required to repay the funding as long as funds are used for eligible uses no later than March 11, 2023. The Small Business Administration confirmed it will distribute $180 million in unspent money allocated for the Restaurant Revitalization Fund as awards, the National Restaurant Association said in an email to Restaurant Dive.
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