So, however, is this: Once government begins to pursue the chimera of ever-more-perfect fairness, it finds actually, it incites more and more factions claiming that justice demands their inclusion in the governments ever-expanding plans for smoothing lifes rough surfaces. The unfortunate outcome however was that the demand for the funds was far greater than the supply. This is not an infusion of funds into the RRF currently; in fact, a new law was introduced and passed by the House of Representatives to replenish the RRF with more than $40 billion, but it did not pass the Senate (See June 2022 update below). LOOK What Happened When This Restaurant Posted a Politically Incorrect Sign The wisdom of those measures is debatable; the pain from them is undeniable. Forty-three Senate Republicans, objecting to the fact that only a smidgen of the Senate bills cost would be offset by economies elsewhere, on May 19 prevented there being 60 votes to proceed with it. www.arffinancial.com/updates-to-the-restaurant-revitalization-fund/, Mozilla/5.0 (Windows NT 10.0; Win64; x64) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/103.0.0.0 Safari/537.36. Restaurant Industry News and Resources in Georgia. However, in May, the Senate didnt pass the proposed increase, which was viewed by many as a setback. As a result, the U.S. Congress introduced legislation called the Restaurant Revitalization Fund (RRF) to help restaurants get back on their feet. (Recommendation 7), Restaurant Revitalization Fund: Opportunities Exist to Improve Oversight. "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. ET, 5 store-level changes driving the Starbucks union, How 6 restaurant giants are hiking menu prices, Starbucks faces corporate employee revolt, Wendys offers franchisees reduced royalty rate, slashes fees on new restaurants, Bonchon to double US presence within 5 years, NRA: One-third of operators predict ghost kitchens will decline, How Retailers Can Embrace New Collaborations with Brands, Reimagining the dine-in experience with technology, How Restaurants Can Turbocharge Loyalty Programs with Payment Data, Starbucks fired a union organizer. In the wake of the COVID-19 pandemic, restrictions on gathering and other crowd control measures had a huge impact on restaurant owners. 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. | 2 p.m. The Independent Restaurant Coalition, which has spent the last two years lobbying for small restaurants in the face of extreme economic uncertainty, issued a statement on Wednesday condemning the decision to abandon restaurants, calling it catastrophic for these establishments. The restaurant industry was the hardest hit by the pandemic. 3807), that included $42 billion to replenish the RRF, on April 7. The SBA will work with the Department of Justice to disburse the money, according to the NRA. GAO reviewed SBA documentation, analyzed SBA data on the program's applicants and recipients, and interviewed SBA officials and representatives of industry associations. The first reports were due in December 2021, but 32 percent were overdue as of June 2022. The President has encouraged most people to stop wearing masks in indoor spaces, something that was unthinkable a year ago. "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. This deadline had many restaurants wondering who is eligible, when to expect additional RRF updates to the legislation, if any additional RRF forgiveness has been granted, and which anti-fraud mechanisms were put in place to determine which claims are legitimate. "We hear from restaurants and bars owners each day who applied for a grant and never received one. As a recap, the Restaurant Revitalization Fund was created to give restaurants and other hospitality-related businesses the financial assistance that they need to get through this world-wide pandemic.To ensure all types of restaurant owners receive funding, including smaller establishments and minority . Published: Jul 14, 2022. In addition to restaurants and bars, eligible businesses include food trucks, bakeries, wineries or breweries and inns. Just over 100,000 businesses received funding (40 percent of eligible applicants). This program will provide restaurants with funding equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical location. SBA emphasized pre-award controls to detect fraudulent or ineligible applications but has not assessed their effectiveness. GAO makes seven recommendations to SBA, including to assess pre-award controls and address deficiencies, strengthen post-award reporting, take additional steps to identify fraudulent or ineligible awards, and develop and implement a plan to address potentially fraudulent award recipients in a timely manner. Nova Inscrio. This recommendation will remain open until SBA (1) assesses how the design of RRF pre-award controls may have adversely affected applicants from U.S. territories, and (2) documents steps to mitigate this issue for future programs. 1101 W. Mineral Ave. Ste. An estimated 90,000 restaurants have already closed their doors during the pandemic, and that number will likely continue to grow. Restaurant owners have taken on substantial debt and tapped into their own savings accounts, just in an effort to keep the doors open. LOOK What Happened When This Restaurant Posted a Politically Incorrect Sign. The nation has never experienced as large and abrupt an intervention as the cumulative federal and state lockdowns of commercial activity imposed when covid-19 surged in 2020. 200Littleton, Colorado 80120. Painel do Inscrito. Will an injustice be done if, with the pandemic receding and the economy reviving, nothing is done for those who missed out in the first-come-first-served scramble for the initial (and perhaps final) $28 billion? House passes aid for restaurants, small businesses affected by Covid Realizar Login. (Recommendation 4), The Associate Administrator for the Office of Capital Access should develop and implement data analytics across RRF awards as a means to detect potentially fraudulent award recipients. Lawmakers approved the measure in a 223-203 vote, with only about a handful of Republicans backing it. The Association was first to lay out the plan for a restaurant industry recovery fund to Congress in April 2020. Follow. JUNE 2022: In 2022, many RRF updates are in the works. A particular section of the legislation, Section 5003, laid the foundation for the Restaurant Revitalization Fund. WASHINGTON, Nov. 23, 2022 /PRNewswire/ -- Today, the Small Business Administration (SBA) announced the release of $83 million dollars in unobligated Restaurant Revitalization Fund (RRF) grants to 169 operators with pending applications. The SBA, which had $83 million in unobligated RFF money worked with the advice of the Department of Justice to begin distributing the remaining funds to 169 restaurant operators with pending RRF applications. 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. Everything from labor to packaging to utilities have gotten more expensive, and that ongoing rise in the cost of doing business continues to have a disproportionate impact on small businesses like restaurants. In GovTrack.us, a database of bills in the U.S. Congress. The $55 billion bill would largely replenish a grant program created by the American Rescue Plan that provides assistance to restaurants. Access from your Country was disabled by the administrator. 3807), which would refill the Restaurant Revitalization Fund with $42 billion, was reintroduced in a Rules Committee meeting in the House of Representatives on Tuesday. They said at least 90,000 restaurants and bars have closed since the pandemic started more than two years ago. Congress eventually set aside $28.6 billion dollars for the RRF in the American Rescue Plan Act. 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. Congress is voting on a $42 billion Restaurant Revitalization Fund It should take place Monday or Tuesday . In January 2023, SBA stated that it was weighing potential solutions, such as adding functionality in the RRF platform to allow recipients to report their operating status. The Relief for Restaurants and Other Hard Hit Small Businesses Act of 2022 (H.R. the aid could benefit? Well, then, what about that will-o-the-wisp, fairness? 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. Restaurant Revitalization Fund Replenishment Act of 2021 (2022; 117th "We must continue to look forward because the enormous challenges of the industry will continue beyond today. In March 2021, Congress appropriated $28.6 billion to SBA for a Restaurant Revitalization Fund to assist the industry. CEO of Berryhill Baja Grill restaurants in Houston, Jeff Anon, decided to take matters into his own hands in regards to declaring his right to free speech. LISTEN TO THE QUICK UPDATE PODCAST BELOW! Restaurant Revitalization Fund (RRF) Updates - August 2022 Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. 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. But with Congress having adjourned for a two-week recess, the bill won't be considered anytime soon in the Senate. Even now that the Omicron wave is receding, and more people are going back to restaurants and living their lives normally again, theres no way for these establishments to get back what theyve lost since the shutdowns began in March 2020. Restaurant Owners RRF SBA EIDL Restaurant Revitalization Funds - Yahoo! Bei der Nutzung unserer Websites und Apps verwenden wir, unsere Websites und Apps fr Sie bereitzustellen, Nutzer zu authentifizieren, Sicherheitsmanahmen anzuwenden und Spam und Missbrauch zu verhindern, und, Ihre Nutzung unserer Websites und Apps zu messen, personalisierte Werbung und Inhalte auf der Grundlage von Interessenprofilen anzuzeigen, die Effektivitt von personalisierten Anzeigen und Inhalten zu messen, sowie, unsere Produkte und Dienstleistungen zu entwickeln und zu verbessern. No later than December 31, 2021, all recipients are required to report to the SBA how much of their RRF grant has been used against each eligible use category. What's the impact of the Senate's failure to pass RRF? The restaurant (Recommendation 1), The Associate Administrator for the Office of Capital Access should assess how the design of RRF pre-award controls may have adversely affected applicants from U.S. territories, and identify and document steps to mitigate this issue for future programs. Rebecca Shabad is a politics reporter for NBC News based in Washington. Its an AI bot. This recommendation will remain open until SBA provides evidence of conducting data analytics across RRF awards to detect potentially fraudulent recipients. According to the letter, while the rest of the economy continues to quickly add jobs, restaurant industry job growth in . Initially, nearly $29 billion was appropriated to award eligible restaurants and other establishments to help their businesses in the wake of the pandemic. 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. 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. 3807 or, the Relief for Restaurants and other Hard Hit Small Businesses Act of 2022, which would provide about $42 billion to provide fresh funding for the RRF . National Restaurant Association Statement on the Release of $83 Million Restaurant Revitalization Fund Award Disbursements, May 3July 1, 2021. The American Rescue Plan created the Restaurant Revitalization Fund. According to the SBA, the grants are being released to operators in the order their applications were received. This is not an infusion of funds into the RRF currently; in. Back in January, a Biden administration official said pretty plainly that the president had no plans to support a new comprehensive stimulus for all Americans, but did hint that there might be something small for restaurants on the way. The National Restaurant Association has been requesting these funds be released, and Executive Vice President of Public Affairs Sean Kennedy released the following statement in response: "The SBA's action represents the final chapter of our nearly three-year effort to secure dedicated federal pandemic relief dollars for local restaurants. The number of people making reservations has also returned to 2019 levels. Furthermore, Bureau of Labor Statistics data shows that the 11 million people working in restaurants and bars in March 2022 was just 5 percent below the number in March 2019. Recipients are not required to repay the funding as long as funds are used for eligible uses no later than March 11, 2023. (Recommendation 5), The Associate Administrator for the Office of Capital Access should develop, document, and implement procedures to use enforcement data on suspected fraud in other SBA programs, such as PPP, to identify potential fraud in RRF recipients.

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