The $42 billion in additional funding, designed to help beleaguered restaurants, now heads to the Senate. Texas Restaurants COVID19 Pandemic
The Restaurant Revitalization Fund Replenishment Act of 2021 will now head to the Senate.
The U.S. House's vote to replenish the Small Business Administration’s Restaurant Revitalization Fund may help 12,000 Texas small businesses stay afloat, the Texas Restaurant Association estimates.— would add $42 billion to the SBA's pandemic-era relief program. After last week’s vote, the act will head to the U.S. Senate. If passed there, it will move to the President’s desk.
If the Replenishment Act is signed into law, the funds would render aid to the nation's beleaguered restaurant industry, but remain skeptical about the slow progress. "The rollercoaster ride that RRF replenishment has become continues on Capitol Hill. We are not going to give you false hope, because frankly you’ve been through too much already when it comes to this topic," Texas Restaurant Association President Emily Williams Knight said in an April 5 email to members."The National Restaurant Association has reiterated our position to Congress that we must replenish the RRF. We don’t care how it’s funded; it simply needs to happen.
The new funding could help the SBA finally get its restaurant relief program on track, observers said. Its prior
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