Add $60 billion to the Restaurant Revitalization Fund?
Summary: This bill provides an additional $60 billion in funds for the Restaurant Revitalization Fund which was established to support restaurants during COVID-19.
Sponsor: Rep. Earl Blumenauer (Democrat, Oregon, District 3)
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Opponents say
• "It’s been just over two years since the CARES Act was signed into law, and since that time we have spent approximately six trillion dollars as a nation to fight COVID-19. Small businesses alone have received over 1.2 trillion dollars in forgivable loans and other grants…These numbers are staggering. Yet here we are again debating more money and more relief in the form of grants." Source: Rep. Blaine Luetkemeyer (Republican, Missouri, District 3)
Proponents say
• "While it appears that our work to prioritize restaurants most in need was successful in the first round, the extraordinary demand for the Restaurant Revitalization Fund shows that many more businesses still desperately need help. We must work quickly to replenish this critical relief program and ensure all local restaurants get the support needed to keep their doors open, pay their staff, and support the industry’s trillion-dollar supply chain that impacts every sector of our economy." Source: Rep. Earl Blumenauer (Democrat, Oregon, District 3)
