The PPP is part of the CARES Act.
The PPP’s Interim Final Rules state that businesses including those “deriving more than one-third of gross annual revenue from legal gambling activities” are excluded from loans.
Miller writes: “... these interim rules rely on antiquated, discriminatory policy that renders small gaming entities ineligible to receive critical loan assistance designed to help small businesses pay their employees.”
Miller cites that the gaming industry supports 350,000 small business jobs.
He writes: “Making SBA resources available to size-eligible gaming businesses is the right thing to do. As it stands, the policy discriminates against these mainstream businesses and, more importantly, the hundreds of thousands of employees who rely on gaming for their livelihood.”
Six Representatives and nine Senators wrote letters supporting the inclusion of gaming in the PPP.