New Restaurant Revitalization Fund Replenishment Act of 2021

The Restaurant Revitalization Fund may be depleted, but a new bill proposed to Congress on June 10, 2021 could change all of that.

What is the Restaurant Revitalization Fund?

The RRF provided a total of $28.6 billion in direct relief funds to restaurants and other hard-hit food establishments that have experienced losses due to COVID-19. It provides restaurants with funding equal to their pandemic-related revenue loss up to $10 million per business. Applications for the RRF opened in early May, and funds were very quickly depleted, with more than 372,000 businesses applying.

What is the Restaurant Revitalization Fund Replenishment Act of 2021?

Congress introduced legislation Thursday to replenish the Restaurant Revitalization Fund with a $60 billion second round of restaurant relief, after the U.S. Small Business Administration received requests for more than triple the allocated funds the first time around. The Restaurant Revitalization Fund Replenishment Act of 2021 would more than double the original $28.6 billion of relief for restaurants and was introduced as a bipartisan effort by Congress members.

What happens now?

As of writing, the bill has not been brought to a vote. The National Restaurant Association has started a grassroots campaign to help drum up support for the bill. If you are interested in adding your support, we strongly recommend visiting their website here.