US SB4012 | 2019-2020 | 116th Congress
Status
Spectrum: Slight Partisan Bill (Democrat 38-13-2)
Status: Introduced on June 18 2020 - 25% progression, died in committee
Action: 2020-06-18 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on June 18 2020 - 25% progression, died in committee
Action: 2020-06-18 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Temporarily establishes and provides funding for the Restaurant Revitalization Fund, from which the Department of the Treasury shall make grants to eligible food and beverage purveyors to cover specified costs. For the grant program's initial period, Treasury must (1) prioritize awarding grants to marginalized and underrepresented communities, and (2) only award grants to eligible food and beverage purveyors with annual revenues of less than $1.5 million. Further, an entity that received a loan under the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019) may not apply for or use a restaurant revitalization grant for the same expenses for which the entity received the paycheck protection loan.
Title
RESTAURANTS Act of 2020 Real Economic Support That Acknowledges Unique Restaurant Assistance Needed To Survive Act of 2020
Sponsors
History
Date | Chamber | Action |
---|---|---|
2020-06-18 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB7197 (Related) 2020-06-29 - Sponsor introductory remarks on measure. (CR H2598-2599)
SB4818 (Related) 2020-12-10 - Committee on Small Business and Entrepreneurship. Hearings held.
SB4818 (Related) 2020-12-10 - Committee on Small Business and Entrepreneurship. Hearings held.
Subjects
Appropriations
Business expenses
Cardiovascular and respiratory health
Commerce
Economic performance and conditions
Emergency medical services and trauma care
Food industry and services
Government lending and loan guarantees
Government trust funds
Income tax exclusion
Infectious and parasitic diseases
Minority and disadvantaged businesses
Small business
Veterans' education, employment, rehabilitation
Wages and earnings
Women in business
Business expenses
Cardiovascular and respiratory health
Commerce
Economic performance and conditions
Emergency medical services and trauma care
Food industry and services
Government lending and loan guarantees
Government trust funds
Income tax exclusion
Infectious and parasitic diseases
Minority and disadvantaged businesses
Small business
Veterans' education, employment, rehabilitation
Wages and earnings
Women in business
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/senate-bill/4012/all-info |
Text | https://www.congress.gov/116/bills/s4012/BILLS-116s4012is.pdf |