,,ii #aaf? ,,congress #b;d ,session ,s4 #djab ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,june #ah1 #bjbj ,mr4 ,wick] 7= himself1 ,ms4 ,s9ema1 ,mr4 ,graham1 & ,mr4 ,coons7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,f9ance ,a ,,bill ,to e/abli% a #abj1jjj1jjj1jjj ,re/aurant ,revitalization ,fund to provide /ructur$ relief to food s]vice or dr9k+ e/abli%m5ts ?r\gh ,decemb] #ca1 #bjbj1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,real ,economic ,support ,t ,ackn[l$ges ,unique ,re/aurant ,assi/ance ,ne$$ ,to ,survive ,act ( #bjbj or ! ,,re/aurants ,act ( #bjbj4 #b4 ,def9itions ,9 ?is ,act3 7#a7 ,affiliat$ bus9ess ,! t]m affiliat$ bus9ess means a bus9ess 9 :i* an eligible entity has an equity or "r to pr(it di/ributions ( n less ?an #ej p]c5t1 or 9 :i* an eligible entity has ! contractual au?ority to control ! direction ( ! bus9ess1 provid$ t su* affiliation %all be det]m9$ z ( any arrangem5ts or agreem5ts 9 exi/5ce z ( ,m>* #ac1 #bjbj4 7#b7 ,cov]$ p]iod ,! t]m cov]$ p]iod means ! p]iod beg9n+ on ,febru>y #ae1 #bjbj1 & end+ on ,decemb] #ca1 #bjbj4 7#c7 ,eligible entity ,! t]m eligible entity-- 7,a7 means a re/aurant1 food /&1 food truck1 food c>t1 cat]]1 saloon1 inn1 tav]n1 b>1 l\nge1 or o!r simil> place ( bus9ess 9 :i* ! public or patrons assemble = ! prim>y purpose ( be+ s]v$ food or dr9k2 7,b7 includes an entity describ$ 9 subp>agraph 7,a7 t is locat$ 9 an airport t]m9al2 & 7,c7 does n include an entity describ$ 9 subp>agraph 7,a7 t-- 7i7 is "p ( a ,/ate or local gov]nm5t facility2 or 7ii7 z ( ,m>* #ac1 #bjbj1 owns or op]ates 7toge!r ) any affiliat$ bus9ess7 m ?an #bj locations1 reg>dless ( :e!r ^? locations d bus9ess "u ! same or multiple names4 7#d7 ,fund ,! t]m ,fund means ! ,re/aurant ,revitalization ,fund e/abli%$ "u section #c4 7#e7 ,payroll co/s ,! t]m payroll co/s has ! mean+ giv5 ! t]m 9 section #g7;a77#cf77;,a7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;a77#cf77;,a774 7#f7 ,secret>y ,! t]m ,secret>y means ! ,secret>y ( ! ,treasury4 #c4 ,re/aurant ,revitalization ,fund 7a7 ,9 g5]al ,!re is e/abli%$ 9 ! ,treasury ( ! ,unit$ ,/ates a fund to be kn[n z ! ,re/aurant ,revitalization ,fund4 7b7 ,appropriations 7#a7 ,9 g5]al ,!re is appropriat$ to ! ,fund1 out ( am\nts 9 ! ,treasury n o!rwise appropriat$1 #abj1jjj1jjj1jjj1 to rema9 available until ,decemb] #ca1 #bjbj4 7#b7 ,rema9d] to ,treasury ,any am\nts rema9+ 9 ! ,fund aft] ,decemb] #ca1 #bjbj1 %all be deposit$ 9 ! g5]al fund ( ! ,treasury4 7c7 ,use ( funds ,! ,secret>y %all use am\nts 9 ! ,fund to make grants describ$ 9 section #d4 #d4 ,re/aurant revitalization grants 7a7 ,9 g5]al ,! ,secret>y %all aw>d grants to eligible entities 9 ! ord] 9 :i* applications are receiv$ by ! ,secret>y4 7b7 ,regi/ration ,! ,secret>y %all regi/] ea* grant aw>d$ "u ?is section us+ ! employ] id5tification numb] ( ! eligible entity4 7c7 ,application 7#a7 ,9 g5]al ,an eligible entity desir+ a grant "u ?is section %all submit to ! ,secret>y an application at su* "t1 9 su* mann]1 & conta9+ su* in=mation z ! ,secret>y may require4 7#b7 ,c]tification ,an eligible entity apply+ = a grant "u ?is section %all make a good fai? c]tification-- 7,a7 t ! unc]ta9ty ( curr5t economic conditions makes necess>y ! grant reque/ to support ! ongo+ op]ations ( ! eligible entity2 7,b7 ackn[l$g+ t funds w be us$ to reta9 work]s & ma9ta9 payroll or = o!r all[able exp5ses describ$ 9 subsection 7e72 7,c7 t ! eligible entity does n h an application p5d+ = a grant "u subsection 7a77#cf7 or 7b77#b7 ( section #g ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7 = ! same purpose & duplicative ( am\nts appli$ = or receiv$ "u ?is section2 & 7,d7 t1 dur+ ! cov]$ p]iod1 ! eligible entity has n receiv$ am\nts "u subsection 7a77#cf7 or 7b77#b7 ( section #g ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7 = ! same purpose & duplicative ( am\nts appli$ = or receiv$ "u ?is section4 7#c7 ,hold h>mless ,an eligible entity apply+ = a grant "u ?is section %all n be ineligible = a grant if ! eligible entity is able to docum5t-- 7,a7 an inability to rehire individuals :o 7 employees ( ! eligible entity on ,febru>y #ae1 #bjbj2 & 7,b7 an inability to hire simil>ly qualifi$ employees = unfill$ positions on or be=e ,decemb] #ca1 #bjbj4 7d7 ,priority 9 aw>d+ grants ,dur+ ! initial #ad-;day p]iod 9 :i* ! ,secret>y aw>ds grants "u ?is section1 ! ,secret>y %all-- 7#a7 prioritize aw>d+ grants to m>g9aliz$ & und]repres5t$ communities1 ) a focus on wom51 vet]an1 & m9ority-own$ & op]at$ eligible entities2 & 7#b7 only aw>d grants to eligible entities ) annual rev5ues ( less ?an #a1ejj1jjj4 7e7 ,grant am\nt 7#a7 ,aggregate maximum am\nt ,! aggregate am\nt ( grants made to an eligible entity & any affiliate bus9esses ( ! eligible entity "u ?is section %all n exce$ #aj1jjj1jjj4 7#b7 ,det]m9ation ( grant am\nt 7,a7 ,9 g5]al ,! am\nt ( a grant made to an eligible entity "u ?is section %all be bas$ on ! diff]5ce 9 rev5ues or e/imat$ rev5ues ( ! eligible entity dur+ a cal5d> qu>t] 9 #bjbj select$ by ! eligible entity z comp>$ to #ie p]c5t ( ! rev5ues ( ! eligible entity 9 ! same cal5d> qu>t] 9 #bjai4 7,b7 ,v]ification ,an eligible entity %all submit to ! ,secret>y su* rev5ue v]ification docum5tation z ! ,secret>y may require to det]m9e ! am\nt ( a grant "u subp>agraph 7,a74 7,c7 ,repaym5t ,any am\nt ( a grant made "u ?is section to an eligible entity bas$ on e/imat$ rev5ues 9 a cal5d> qu>t] 9 #bjbj t is above ! actual rev5ues ( ! eligible entity dur+ t cal5d> qu>t] %all be conv]t$ to a loan t has-- 7i7 an int]e/ rate ( #a p]c5t2 & 7ii7 a maturity date ( #aj ye>s beg9n+ on ,janu>y #a1 #bjba4 7#c7 ,no duplication ( b5efits ,an eligible entity t receiv$ a loan "u section #g7;a77#cf7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;a77#cf77 may n apply = or use grant am\nts "u ?is section = ! same exp5ses = :i* ! eligible entity receiv$ ! loan4 7#d7 ,limitation ,an eligible entity may n receive m ?an #a grant "u ?is section4 7f7 ,use ( funds 7#a7 ,9 g5]al ,dur+ ! cov]$ p]iod1 an eligible entity t receives a grant "u ?is section may use ! grant funds = ! foll[+ exp5ses incurr$ z a direct result ( ! ,,covid-#ai p&emic3 7,a7 ,payroll co/s4 7,b7 ,paym5ts ( pr9cipal or int]e/ on any mortgage obligation4 7,c7 ,r5t paym5ts1 includ+ r5t "u a lease agreem5t4 7,d7 ,utilities4 7,e7 ,ma9t5ance exp5ses1 includ+-- 7i7 con/ruction to accommodate outdoor seat+2 & 7ii7 walls1 floors1 deck surfaces1 furniture1 fixtures1 & equipm5t4 7,f7 ,supplies1 includ+ protective equipm5t & clean+ mat]ials1 z requir$ by applicable public heal? dep>tm5ts4 7,g7 ,food & bev]age exp5ses t are )9 ! scope ( ! normal bus9ess practice ( ! eligible entity be=e ! cov]$ p]iod4 7,h7 ,debt obligations to suppli]s t 7 incurr$ be=e ! cov]$ p]iod4 7,i7 ,any o!r exp5ses t ! ,secret>y det]m9es to be ess5tial to ma9ta9+ ! eligible entity4 7#b7 ,return+ funds ,if an eligible entity t receives a grant "u ?is section p]man5tly ceases op]ations on or be=e ,decemb] #ca1 #bjbj1 ! eligible entity %all return to ! ,treasury any funds t ! eligible entity did n use = ! all[able exp5ses "u p>agraph 7#a74 7#c7 ,conv]sion to loan ,any grant am\nts receiv$ by an eligible entity "u ?is section t are unus$ aft] ,decemb] #ca1 #bjbj1 %all be imm$iately conv]t$ to a loan )-- 7,a7 an int]e/ rate ( #a p]c5t2 & 7,b7 a maturity date ( #aj ye>s4 7g7 ,taxability ,= purposes ( ! ,int]nal ,rev5ue ,code ( #aihf-- 7#a7 ! am\nt ( a grant aw>d$ to an eligible entity "u ?is section %all be exclud$ f ! gross income ( ! eligible entity2 7#b7 no d$uction %all be d5i$ or r$uc$1 no tax attribute %all be r$uc$1 & no basis increase %all be d5i$1 by reason ( ! exclusion f gross income provid$ by subsection2 & 7#c7 an eligible entity t receives a grant "u ?is section %all n be eligible = ! cr$it describ$ 9 section #bcja ( ! ,,c>es ,act 7,public ,law #aaf-acf74 7h7 ,regulations ,n lat] ?an #ae days aft] ! date ( enactm5t ( ?is ,act1 ! ,secret>y %all issue regulations to c>ry out ?is section )\t reg>d to ! notice & comm5t requirem5ts "u section #eec ( title #e1 ,unit$ ,/ates ,code4 7i7 ,appropriations = /aff+ & adm9i/rative exp5ses 7#a7 ,9 g5]al ,!re is appropriat$ to ! ,secret>y1 out ( am\nts 9 ! ,treasury n o!rwise appropriat$1 #bjj1jjj1jjj1 to rema9 available until ,decemb] #ca1 #bjbj1 = /aff+ & adm9i/rative exp5ses relat$ to adm9i/]+ grants aw>d$ "u ?is section4 7#b7 ,set aside ,( am\nts appropriat$ "u p>agraph 7#a71 #fj1jjj1jjj %all be allocat$ = outrea* to traditionally m>g9aliz$ & und]repres5t$ communities1 ) a focus on wom51 vet]an1 & m9ority-own$ & op]at$ eligible entities1 includ+ ! creation ( a res\rce c5t] t>get$ t[>d ^! communities4 #e4 ,em]g5cy designation 7a7 ,9 g5]al ,! am\nts provid$ by ?is ,act are designat$ z an em]g5cy requirem5t pursuant to section #d7;g7 ( ! ,/atutory ,pay-,z-,y-,g ,act ( #bjaj 7#b ,u4,s4,c4 #icc7;g774 7b7 ,designation 9 s5ate ,9 ! ,s5ate1 ?is ,act is designat$ z an em]g5cy requirem5t pursuant to section #daab7;a7 ( ,h4 ,con4 ,res4 #ga 7#aae? ,congress71 ! concurr5t resolution on ! budget = fiscal ye> #bjah4