O’Halleran Expands PPP Loan Eligibility for Tribal Enterprises
VILLAGE OF OAK CREEK—Today, Congressman Tom O’Halleran (AZ-01) announced that, under Congressional pressure, the U.S. Treasury updated its interim rule to allow casinos and tribal gaming enterprises with under 500 employees to apply for loans under the Paycheck Protection Program (PPP).
“This relief for tribal economies is long overdue and should have been made available under earlier distributed PPP loans,” said O’Halleran. “I am extremely frustrated with the lack of attention being paid to tribal communities in need and will continue fighting to ensure they are not overlooked in future coronavirus response efforts.”
For amended, interim rule guidance from the U.S. Treasury, click here.
Last week, O’Halleran sent a letter to the Secretary of the Treasury and the Administrator of the Small Business Administration urging the agencies to issue a supplementary interim final rule for the Paycheck Protection Program clarifying that any tribal business under 500 employees is eligible for PPP loans, in accordance with congressional intent.
View the letter, here.