Tuesday, February 7, 2023
North-JerseyNews.com
  • Home
  • Washington
  • Trenton
  • County
  • Court
  • Roundup
  • Opinion
  • Search
  • Donation
No Result
View All Result
  • Home
  • Washington
  • Trenton
  • County
  • Court
  • Roundup
  • Opinion
  • Search
  • Donation
No Result
View All Result
North-JerseyNews.com
No Result
View All Result
Home Washington Political Breaking News

Payne, Malinowski Help Pass House Bill to Aid Restaurants

James Hickey by James Hickey
April 18, 2022
in Washington Political Breaking News
0 0
0
North-JerseyNews.com

Photo by Ana Vond on Pexels.com

0
SHARES
26
VIEWS
Share on FacebookShare on Twitter

House Democrats recently passed legislation to help small businesses as they continue to recover from the coronavirus pandemic. 

On April 7,  Washington lawmakers sent to the U.S. Senate the Relief for Restaurants and other Hard Hit Small Businesses Act of 2022. The proposed law would provide an additional $42 billion in funding nationwide for the Restaurant Revitalization Fund (RRF) established by the American Rescue Plan (ARP).

The bill includes $13 billion to support small businesses with 200 or fewer employees that experienced major revenue losses due to the pandemic, and updates ARP’s grant program for music and entertainment venues.

Helping Restaurants

“New Jersey restaurants and mom and pop shops are the lifeblood of our economy, but these businesses have had to make extraordinary sacrifices since March 2020,” said Rep. Tom Malinowski. “Congress is standing up to keep doors open at our favorite local restaurants and shops, and for the millions of workers these businesses employ.”

North-JerseyNews.com

The RRF was based on the RESTAURANTS Act, cosponsored by Malinowski, to provide dining establishments with funding equal to their pandemic-related revenue losses up to $10 million per business and no more than $5 million per physical location.

COVID Aid

Supporters of the bill argued the federal program will help ensure that the more than 170,000 eligible restaurants that applied for RRF funding but could not access support due to oversubscription will now have access to funding to keep their workers employed, serve American communities, and continue to power an economic recovery.

“Few industries have been hit hardest during the pandemic than the food and beverage industry,” said Rep. Donald M. Payne, Jr, who voted for the legislation.  “This bill will help hundreds of thousands of restaurants continue to serve customers and pay their employees nationwide.” 

In New Jersey, Payne, Jr. said more than 3,000 local restaurants and small businesses get more than $920 million in assistance to help restaurants and food and beverage businesses pay bills and employees during the coronavirus pandemic.

Small Business Focus

The bill would provide $13 billion to establish the Hard Hit Industries Award Program, administered by the Small Business Administration as well. The program would assist small businesses with a maximum of 200 employees that lost 40% or more of their revenue due to the pandemic, but were not eligible for other grants nor awards.  

Additionally, the bill extends the deadline for small businesses to use grant funding.  Part of the additional funding for the RRF would come from money reclaimed, seized or returned from other businesses that attempted to defraud prior small business pandemic relief funds, including the Paycheck Protection Program.   

“Many restaurants are family-owned small businesses that have been passed down through generations.  We must do everything we can to support these small businesses until our economy recovers,” said Payne.

 

 

Share this:

  • Twitter
  • Facebook
  • More
  • LinkedIn

Like this:

Like Loading...

Related

Tags: 10th Congressional District7th Congressional DistrictCoronavirus Pandemiclatest political news from New Jerseylatest political news from Washingtonlatest political news in washingtonlatest washington political newsnew jerseynew jersey political newsNJ political newsNorth JerseyNorth Jersey NewsPolitical Newspolitical news from washington dcPolitical News NJRep. Donald Payne Jr.Rep. Tom Malinowskirestaurants and barswashington dc political newswashington dc political news todayWashington Political News
Previous Post

Latest COVID-19 numbers in New Jersey

Next Post

New Jerseyans Support Pump-Your-Own Gas…

Next Post
North-JerseyNews.com

New Jerseyans Support Pump-Your-Own Gas…

Leave a Reply Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

support-Local

Recent Post

North-JerseyNews.com

North-JerseyNews.com Roundup for Feb. 7, 2023

by North-JerseyNews.com
February 7, 2023
0

North-JerseyNews.com

Key House Committee Assignments for Garden State Lawmakers  

by R0bert Amoroso
February 7, 2023
0

North-JerseyNews.com

New Jersey Congressional Delegation Reintroduces Gun Storage Law

by Nathan Resso
February 6, 2023
1

Popular

North-JerseyNews.com

North-JerseyNews.com Roundup for Feb. 7, 2023

by North-JerseyNews.com
2023/02/07
0

North-JerseyNews.com

Key House Committee Assignments for Garden State Lawmakers  

by R0bert Amoroso
2023/02/07
0

North-JerseyNews.com

New Jersey Congressional Delegation Reintroduces Gun Storage Law

by Nathan Resso
2023/02/06
1

Subscribe now

Join 100,000+ other subscribers

Select list(s) to subscribe to

ss-tp
2107.JG.FightForJersey

North-JerseyNews.com

When it comes to breaking news North Jersey, North Jersey local news or live news North Jersey, We all look for a reliable source that can give us authentic North Jersey news or local Jersey news.

© Copyright 2021 North-JerseyNews.com

Design and Developed By MOZWEBMEDIA

No Result
View All Result
  • Home
  • Washington
  • Trenton
  • County
  • Court
  • Roundup
  • Opinion
  • Search
  • Donation

© Copyright 2021 North-JerseyNews.com
Design and Developed By MOZWEBMEDIA

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Finance-Currency-Financial-World-Dollar-Funds-634901

Add Your Heading Text Here

Pop-up Design 1 (1)

 

Loading Comments...
 

    %d bloggers like this: