Posts tagged RESTAURANTS Act.
Posted in Legal Bites
RESTAURANTS Act Added to Updated Stimulus Bill

On September 28, 2020, Democrats in the U.S. House of Representatives unveiled an updated coronavirus relief stimulus bill (the updated Heroes Act) that includes the RESTAURANTS Act.  The text of the bill is over 2,100 pages.

Section 607 of the proposed bill incorporates the RESTAURANTS Act, which establishes a $120 billion program administered by the Treasury Department to provide restaurants, bars, food trucks, taprooms, taverns, caterers, taprooms and similar businesses.  

The grant amount would reflect the difference between the business’s 2019 revenues and ...

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