S.Amdt. 4993

1. Adds SEC. __. REQUIRING STATES, TERRITORIES, AND LOCALITIES TO SET ASIDE A PORTION OF CORONAVIRUS FISCAL RECOVERY FUNDS FOR RESTAURANT REVITALIZATION wherever appropriate

   Adds a section

   Inserted: SEC. __. REQUIRING STATES, TERRITORIES, AND LOCALITIES TO SET ASIDE A PORTION OF CORONAVIRUS FISCAL RECOVERY FUNDS FOR RESTAURANT REVITALIZATION.

   Inserted: (a) In General.--Title VI of the Social Security Act (42 U.S.C. 801 et seq.) is amended--

   Inserted: (1) in section 602(c)--

   Inserted: (A) in paragraph (1), by striking "paragraph (3)" and inserting "paragraphs (3), (4), and (5)"; and

   Inserted: (B) by adding at the end the following new paragraph:

   Inserted: "(5) Restaurant revitalization.--

   Inserted: "(A) In general.--A State or territory shall, subject to subparagraph (B), use at least 10 percent of the total amount of funds provided to the State or territory under this section (including, in the case of a State, any funds transferred to the State under section 603(c)(4)) to provide assistance to eligible entities (which, for purposes of this paragraph, shall have the meaning given such term in section 5003(a)(4) of the American Rescue Plan Act of 2021) that did not receive a grant under section 5003(c) of such Act.

   Inserted: "(B) Requirement for states or territories with insufficient funds remaining.--If less than 10 percent of the total amount of funds provided to a State or territory under this section (including, in the case of a State, any funds transferred to the State under section 603(c)(4)) are unobligated on the date of enactment of this paragraph and the State or territory is unable to meet the requirement of subparagraph (A) as a result, the State or territory shall submit a report to Congress on how the State or territory has used such funds, including the amount of such funds the State or territory has used to provide assistance to eligible entities.

   Inserted: "(C) Availability of funds provided to eligible entity.--If a State or territory provides funds to an eligible entity under this paragraph--

   Inserted: "(i) such funds shall be available to the eligible entity for the 2-year period that begins on the date of enactment of this paragraph; and

   Inserted: "(ii) any such funds that are unobligated by the eligible entity after such period shall revert to the Treasury."; and

   Inserted: (2) in section 603(c)--

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   Inserted: (A) in paragraph (1), in the matter preceding subparagraph (A), by striking "paragraphs (3) and (4)" and inserting "paragraphs (3), (4), (5), and (6)"; and

   Inserted: (B) by adding at the end the following new paragraph:

   Inserted: "(6) Restaurant revitalization.--

   Inserted: "(A) In general.--A metropolitan city, nonentitlement unit of local government, or county shall, subject to subparagraph (B), use at least 10 percent of the total amount of funds provided to city, unit of local government, or county under this section to provide assistance to eligible entities (which, for purposes of this paragraph, shall have the meaning given such term in section 5003(a)(4) of the American Rescue Plan Act of 2021) that did not receive a grant under section 5003(c) of such Act.

   Inserted: "(B) Requirement for localities with insufficient funds remaining.--If less than 10 percent of the total amount of funds provided to a metropolitan city, nonentitlement unit of local government, or county are unobligated on the date of enactment of this paragraph and the city, unit of local government, or county is unable to meet the requirement of subparagraph (A) as a result, the city, unit of local government, or county shall submit a report to Congress on how the city, unit of local government, or county has used such funds, including the amount of such funds the city, unit of local government, or county has used to provide assistance to eligible entities.

   Inserted: "(C) Availability of funds provided to eligible entity.--If a metropolitan city, nonentitlement unit of local government, or county provides funds to an eligible entity under this paragraph--

   Inserted: "(i) such funds shall be available to the eligible entity for the 2-year period that begins on the date of enactment of this paragraph; and

   Inserted: "(ii) any such funds that are unobligated by the eligible entity after such period shall revert to the Treasury.".

   Inserted: (b) Technical Amendments.--Sections 602(c)(3) and 603(c)(3) of title VI of the Social Security Act (42 U.S.C. 802(c)(3), 803(c)(3)) are each amended by striking "paragraph (17) of".

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   Original wording

   At the appropriate place, insert the following:

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As printed