Restaurant and Small Business Aid
This week, the House attempted to vote on legislation that would give the Small Business Administration (SBA) additional funds to assist restaurants and small businesses that did not receive relief from previous COVID-19 aid packages. The measure would allocate $42 billion to replenish the Restaurant Revitalization Fund and $13 billion to establish a new program for small businesses that lost revenue during the COVID-19 pandemic. The new programs would be partially funded by transferring unobligated or recaptured amounts from other SBA pandemic relief programs. However, the current COVID-19 aid package is likely to move without aid for restaurants. Negotiators are aiming for a separate package that could move later, but the House could still vote this week on restaurant aid package (HR 3807).