WebJul 9, 2024 · As a result, the Restaurant Revitalization Fund Replenishment Act of 2024 was proposed on June 10 by a bipartisan group of lawmakers in the House and Senate to … WebThe American Rescue Plan Act of 2024 established the Restaurant Revitalization Fund (RRF) to provide much needed funding to restaurants and other eligible businesses that suffered revenue losses as a result of the pandemic. RRF proceeds may be used for specific business expenses as follows: Payroll costs (including sick leave);
A glimmer of hope for RRF relief dollars emerges for …
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SBA threatened with class-action lawsuit over rescinded RRF grants
WebOct 18, 2024 · The $28.6 billion RRF was established by the American Rescue Plan to provide funding to help restaurants and other eligible businesses remain open in the face of pandemic-related hardships. The RRF aimed to give restaurants funding equal to their pandemic-related revenue loss of up to $10 million per business. WebUpdated Form RRF-1 and Form CT-TR-1 are available for download now. They are required with filings received by the Registry on or after January 1, 2024. Significant changes and important reminders include: Charity registrants’ annual renewal fee schedule is updated on Form RRF-1.All registrants have a renewal fee based on total revenue. WebJun 17, 2024 · The three business owners that sued the U.S. Small Business Administration on the grounds of discrimination for the Restaurant Revitalization Fund’s 21-day priority period of women and... stanced honda prelude