WASHINGTON, DC – Rep. Dean Phillips (D-MN) has helped introduce a bipartisan bill, the Restaurant Recovery Fairness Act, co-led by his Republican counterpart on the Small Business Committee’s Oversight, Investigations, and Regulations Subcommittee ranking member Beth Van Duyne (R-TX).
The Restaurant Recovery Fairness Act will add a vital oversight component to the Small Business Administration’s (SBA) $28.6 billion Restaurant Revitalization Fund. American restaurants have submitted requests for over $69 billion in funding, making this oversight crucial to ensure that only proper recipients receive funds.
This morning at a Small Business Committee hearing, Rep. Phillips questioned Isabella Casillas Guzman, the new administrator of the U.S. Small Business Administration, on the viability and oversight of the Restaurant Revitalization Fund, the Paycheck Protection Program, and other aid programs related to the COVID-19 pandemic.
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