American Rescue Plan Act

— By Michael Krueger —   On March 11, 2021, President Biden signed into law The American Rescue Plan Act. The Act has $1.9 trillion in relief funds, including $28.6 billion set aside for the restaurant industry in the Restaurant Revitalization Fund. The Fund lists the qualifications, priorities, method of calculating the amount the restaurant could receive, and the permitted use of funds. Qualifications The Fund is only for restaurants. The definition of “restaurants” means a restaurant, food stand, food truck, food cart, caterer, saloon, inn, tavern, bar, lounge, brewpub, …

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