The Restaurant Revitalization Fund was intended to “provide funding to help restaurants and other eligible businesses keep their doors open.” It was part of President Joe Biden’s American Rescue Plan Act. However, like so many things in the Biden administration, it was plagued by chaos, mismanagement, and fiscal irresponsibility. This recklessness has contributed to the country’s out-of-control inflation problem. Aware of these mishaps, Sen. Rand Paul has been trying to figure out what went wrong, but he has been thwarted at every attempt. On Wednesday, he took further action and sent a letter to Isabella Casillas Guzman, the administrator of the Small Business Administration, demanding accountability.
“The Restaurant Revitalization Fund (RRF) obligated nearly $28.6 billion to more than 100,000 eligible entities. As reported by the agency, more than 278,000 eligible applicants requested grants accounting for more than $72.2 billion,” the Kentucky Republican wrote in a letter obtained by the Washington Examiner. “Despite the program window closing seven months ago, this Committee does not have sufficient information regarding the current applicant queue and their funds requested to aid business losses.”
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