Sending Office: Honorable Dina Titus
Current Original Cosponsors: Horsford, Amodei, Gosar, Bennie Thompson
I know that many of us have heard from constituents regarding implementation of the SBA Paycheck Protection Program established by the Coronavirus Aid, Relief, and Economic Security
(CARES) Act. This program is a critical step toward economic recovery. Unfortunately, many small businesses across the country have been excluded from participating in the program, not by Congress but by regulatory guidelines issued by the SBA.
Initial interim guidelines released by SBA excluded any small business that derives more than one-third of its revenue from legal gaming activities from participating in the Paycheck
Protection Program. On Tuesday, after efforts from multiple members of Congress to ensure equal treatment of small gaming entities, SBA released updated interim guidance expanding eligibility to businesses with less than $1 million in revenue from legal gaming
and deriving less than 50% of their total revenue from legal gaming. Unfortunately, this only marginally increases eligibility and still leaves many legitimate businesses facing economic hardship with nowhere to turn.
Small businesses in the gaming industry support more than 350,000 jobs in the United States; and many of our communities rely heavily on the gaming industry for employment, tax revenue,
and economic growth. Like any other small business, small gaming and betting establishments are in desperate need of assistance in order to rebound from this crisis.
Congressional intent behind the CARES Act was to ensure that ALL small businesses would be eligible for the Paycheck Protection Program. In light of Treasury and SBA’s reluctance to
implement regulations to match this, I will be introducing legislation to make clear that small legal gaming entities are eligible for this SBA assistance. For additional information or to cosponsor, please contact Erica Riordan in my office at
Member of Congress
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