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Bill Would Help Restaurant Biz Amid Economic Crisis
News, Eau Claire
Since the pandemic began, the restaurant industry has lost more revenue and jobs than any other industry, according to a bill pending in Congress. U.S. Sen. Tammy Baldwin, D-Wis., recently co-sponsored the Real Economic Support That Acknowledges Unique Restaurant Assistance Needed to Survive (RESTAURANT) Act.
If passed, the bill would establish a $120 billion revitalization fund, helping the restaurant industry overcome the long-term economic challenges caused by COVID-19. The bill would also support the reemployment of 11 million independent restaurant workers. According to the Bureau of Labor Statistics, the restaurant industry currently faces an unemployment rate of 21%, with 6.1 million people out of a job.
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