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In March 2021, the American Rescue Plan Act provided $28.6 billion to the Small Business Administration (SBA) for the Restaurant Revitalization Fund. In November, 2022, SBA announced that it was distributing $83 million in unobligated RRF money to 169 restaurant operators who had pending RRF applications.
The Small Business Administration (SBA) provided $28.5 billion in Restaurant Revitalization Fund (RRF) grants to 100,700 restaurants and similar businesses to help keep their doors open. Recipients are not required to repay the grant money as long as they spend it for approved uses no later than March 11, 2023.
Robert A. Westbrooks, Executive Director of the Pandemic Response Accountability Committee (PRAC), announced updated interactive data dashboards, published today on PandemicOversight.gov.
Here’s a look at some programs designed to help individuals and businesses recover financially from the pandemic. Some ended as required by law, and others ran out of money and are no longer accepting applications.
We reviewed the U.S. Small Business Administration’s (SBA) oversight of Restaurant Revitalization Fund (RRF) recipients. The American Rescue Plan Act of 2021 authorized SBA to administer the RRF and provided $28.6 billion to assist eligible small businesses adversely affected by the Coronavirus Disease 2019 (COVID-19) pandemic. We determined program officials developed a plan for monitoring RRF award recipients use of funds and recovering unused or improperly awarded funds. However, program implementation was not executed in accordance with the plan. We made six recommendations for SBA to...
SBA’s Administrative Process to Address Potentially Fraudulent Restaurant Revitalization Fund Awards
We inspected the U.S. Small Business Administration’s (SBA) administrative process used to review potentially fraudulent Restaurant Revitalization Fund (RRF) applications and recover funds. Program officials designed the RRF application validation and approval processes using the Government Accountability Office’s A Framework for Managing Fraud Risks in Federal Programs. However, 3,790 applications submitted through a point-of-sale partner were processed without verifying gross sales, a key control designed to prevent ineligible entities from receiving awards. As a result, SBA’s RRF...