Restaurant Revitalization Fund: Opportunities Exist to Improve Oversight - Director Summary

William Shear discusses our July 2022 report on the Restaurant Revitalization Fund and the opportunities to improve oversight of the program. In March 2021 Congress appropriated $28.6 billion to the Small Business Administration to help the food service industry weather the COVID-19 pandemic. About 40% of eligible applicants have received awards from the resulting Restaurant Revitalization Fund before it was depleted.