Senate Bill 4012
116th Congress(2019-2020)
RESTAURANTS Act of 2020
Introduced
Introduced
Introduced in Senate on Jun 18, 2020
Overview
Text
Introduced
Jun 18, 2020
Latest Action
Jun 18, 2020
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
4012
Congress
116
Policy Area
Commerce
Commerce
Primary focus of measure is business investment, development, regulation; small business; consumer affairs; competition and restrictive trade practices; manufacturing, distribution, retail; marketing; intellectual property. Measures concerning international competitiveness and restrictions on imports and exports may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Mississippi
Minnesota
Arizona
California
Colorado
Connecticut
Delaware
Delaware
Illinois
Louisiana
Louisiana
Massachusetts
Massachusetts
Michigan
Minnesota
Mississippi
Alabama
Montana
New Hampshire
New Jersey
New Jersey
North Carolina
North Dakota
Oregon
Pennsylvania
Rhode Island
Rhode Island
South Carolina
Virginia
Virginia
Washington
West Virginia
Wisconsin
No Senate votes have been held for this bill.
Summary

Real Economic Support That Acknowledges Unique Restaurant Assistance Needed To Survive Act of 2020 or the RESTAURANTS Act of 2020

This bill 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.

Text (1)
Actions (2)
06/18/2020
Read twice and referred to the Committee on Finance.
06/18/2020
Introduced in Senate
Public Record
Created
Jun 19, 2020 4:42:09 AM
Updated
Dec 18, 2020 1:51:09 PM