Restaurant Revitalization Fund Fairness Act

The Restaurant Revitalization Fund Fairness Act, also known as Bill 117 hr 7407, is a piece of legislation introduced in the US Congress. The purpose of this bill is to address concerns regarding the distribution of funds from the Restaurant Revitalization Fund, which was established to provide financial assistance to restaurants and other food service businesses that have been negatively impacted by the COVID-19 pandemic.

The bill aims to ensure that all eligible businesses have a fair opportunity to receive funding from the Restaurant Revitalization Fund. It specifically addresses concerns that certain businesses, such as those owned by women, minorities, and veterans, may have been disproportionately disadvantaged in the initial distribution of funds.

If passed, the Restaurant Revitalization Fund Fairness Act would require the Small Business Administration, which administers the fund, to prioritize funding for businesses that have not yet received assistance or have received less than the maximum amount allowed under the program. The bill also includes provisions to ensure that businesses owned by women, minorities, and veterans are given equal consideration in the distribution of funds. Overall, the Restaurant Revitalization Fund Fairness Act seeks to promote fairness and equity in the distribution of financial assistance to businesses in the food service industry that have been struggling due to the economic impacts of the COVID-19 pandemic.