$60 Billion Restaurant Revitalization Fund Replenishment Act Introduced

Creation of the Restaurant Revitalization Fund (RRF) was great news, but for too many owners the $28.6 billion in funding ran out before they could receive any disaster funding. The SBA estimates that they need at least an additional $50 billion just to fund the applications submitted before the application portal was closed. The RRF Replenishment Act will direct $60 billion in funding to the SBA, allowing them to complete the mission and provide sorely needed recovery dollars for the restaurant industry.