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Restaurant Relief and COVID-19 Fund Transparency Act

This act increases the appropriation for the Restaurant Revitalization Fund from $28.6 billion to $68.6 billion. It establishes requirements for data transparency, audits, and an appeals process for applicants. Additionally, it extends the moratorium on the implementation of the rule regarding prescription drug rebates until 2028.
Key points
Increased Restaurant Funding: The funding amount is increased by $40 billion (raising the total from $28.6 billion to $68.6 billion).
Enhanced Data Transparency: The Administrator is required to regularly publish data on application numbers and specific details about grant recipients.
Improved Appeal Process: Establishment of a reconsideration process for denied applicants, including explanations for the denial.
Strengthened Oversight and Audits: Requirement to institute an oversight and audit plan to detect fraud and recoup misspent funds.
Continued Operation Requirement: Applicants must submit a statement indicating they are still operating or intend to reopen within 180 days.
Extension of Prescription Drug Rebate Rule Suspension: The moratorium on the rule eliminating safe harbor protection for prescription drug rebates is extended to January 1, 2028.
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Additional Information
Print number: 117_S_4282
Sponsor: Sen. Portman, Rob [R-OH]
Process start date: 2022-05-19