Rep. Earl Blumenauer (D-Ore.), who introduced the Restaurants Act that served as a blueprint for the fund, specifically included language to provide relief to new restaurants such as Smokecraft. AD“The goal of this legislation was always to provide full relief to newly opened restaurants,” Blumenauer said in a statement to The Washington Post. The $28.6 billion revitalization fund could go live as soon as early April, according to testimony during a Senate Small Business Committee hearing this month. ADIf the SBA doesn’t fix the formula, however, it could mean no federal relief money for hundreds, or maybe thousands, of restaurants and bars. Several say the problem is basically an error in drafting the legislative text for the act, which runs hundreds of pages.

Source: Washington Post March 30, 2021 16:07 UTC