Congress Considers Replenishment of Exhausted RRF Funds
Posted in Legal Bites
Congress Considers Replenishment of Exhausted RRF Funds

The much anticipated Restaurant Revitalization Fund (RRF) was deluged with applicants. According to Restaurant Dive, more than 362,000 applications were received in the first three weeks of the program for a total of $75 billion in funding. The SBA has since closed its portal to new applicants. The portal website states: “After an overwhelming response to the Restaurant Revitalization Fund, the application portal is now closed for new applications.”

On June 8, 2021, a bipartisan group of Senators and U.S. Representatives introduced the Restaurant Revitalization Fund Replenishment Act of 2021. The legislation would replenish the RRF with a $60 billion second round of restaurant relief.

Additionally, the SBA has had to halt and rescind funds granted through its priority program for economically disadvantaged and women-owned businesses after courts in Texas and Tennessee ruled that prioritization based on gender and race was unconstitutional. More than 2,900 approved RRF applicants received emails from the SBA claiming that the agency could not issue them grants due to the lawsuits.

  • Pooja S. Nair
    Partner

    Pooja S. Nair is a business litigator and problem solver with a focus on the food and beverage sector. She advises food and beverage clients, startups and other businesses on a comprehensive range of issues, including employment ...

Subscribe

Recent Posts

Blogs

Contributors

Archives

Jump to PageX

ECJ uses cookies to enhance your experience on our website, to better understand how our website is used and to help provide security. By using our website you agree to our use of cookies. For more information see our Privacy Policy and our Terms of Use.