The $28.6 billion Restaurant Revitalization Fund (RRF) was actually authorized by Congress back in the early part of last month. Despite the fact that the program was signed into by President Biden on March 11, it still is making very slow progress in coming to fruition. The agency succeeded in getting the RRF website launched…
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It would be hard to think of a tougher year for the restaurant industry than 2020, which saw the coronavirus pandemic turn the world upside down. But as we head into 2021, there is light and hope on the horizon. A slew of new vaccines is rolling out across the country, while the $900 billion…
Read More »Congressional leaders indicated that a COVID-19 relief package was “close, but not yet final” yesterday as they worked on reaching compromise language on a few outstanding issues. The situation however is very fluid with a host of issues potentially addressed – or created – by the legislation. That said, there is no actual legislative language…
Read More »Although it may have seemed to be the ultimate longshot at times, Senate Finance Chairman Charles Grassley (R-IA) is hopeful of adding expiring tax breaks (aka tax extenders) to the omnibus appropriations bill and COVID-19 relief package coming together this week. Senator Grassley said the must-pass nature of COVID relief in particular increases the likelihood…
Read More »It’s beginning to look like we’ll have to wait until the Georgia runoff elections are over and decided until we see any further movement on a new COVID relief bill out of Congress. Although momentum seemed to be building over the past week or so, control of the US Senate may be getting “in the…
Read More »As we move closer to the transition – Congressional as well as Presidential – in Washington DC, long-stalled negotiations on a new COVID-19 stimulus package gained new life. Democratic leaders quickly seemed to rally being $908 billion bipartisan proposal with an eye on winning sufficient support in the republican-led Senate. House Speaker Nancy Pelosi (D-CA)…
Read More »Despite reports of its demise until after the presidential election on November 3, Senate Majority Leader Mitch McConnell has scheduled a vote on another skinny $500 billion relief bill for next week. It would appear the upcoming vote on the $500 billion relief bill is an effort to force the democrat (Pelosi)-led US House to…
Read More »As has been widely reported, President Trump has called off further negotiations with the House over another round of COVID relief legislation coming out of Congress, pointing to the alleged intransigence of House leadership to negotiate in good faith. Consequently, with only 26 days until the Presidential election (but possibly months until a winner is…
Read More »After the success of its initial funding round ($25.7 million distributed to 741 businesses), the state of Delaware opened up a second round of its popular DE Relief Grant program on October 1. The program, which is a joint initiative of the state and New Castle County, was funded through the Coronavirus Aid, Relief and…
Read More »Last week we reported on the Senate blocking the so-called skinny bill, which would have provided some refunding the PPP and limited liability protection for businesses and health care providers along with some school funding. Well, despite some political rhetoric to the contrary, there is very little, if any, movement in Congress and it is…
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