March 11, 2021 — U.S. President Joe Biden on Thursday, 11 March, signed the USD 1.9 trillion (EUR 1.59 trillion) American Rescue Plan Act into law, opening the door for billions in aid to go to businesses – including nearly USD 29 billion (EUR 24.2 billion) for a restaurant industry that’s been battered by closures and other restrictions over the past year due to COVID-19.
On Thursday, the National Restaurant Association lauded the bill’s Restaurant Revitalization Fund, which association president and CEO Tom Bene said will help save jobs across the country.