House Member That Lobbied For PPP Loans In Gaming Just Sold 2 Dividend Stocks

Author: Robert Kuczmarski | November 21, 2022 03:31pm

Nevada Democrat Susie Lee sent a letter in April 2020 to the heads of the Treasury Department and Small Business Administration to reconsider their regulatory guidelines that exclude gaming companies from the Paycheck Protection Program (PPP). They agreed.

About two weeks after PPP loans were made eligible to small businesses deriving revenue from gaming, gaming facility operator Full House Resorts Inc. secured two loans worth roughly $5.6 million, according to a regulatory filing.

Lee's ex-husband — Daniel R. Lee — has been the director, president and CEO of Full House since 2014 (the couple filed for divorce in May 2021).

Also Read: Is Nancy Pelosi Betting Big On Hotels? A Look At An Investment The US Speaker Of The House Made

Rep. Lee, who recently won reelection in Nevada's Third Congressional District, recently sold two dividend stocks:

• KB Home (NYSE:KBH) offers a dividend yield of 2.02% or 60 cents per share annually, making quarterly payments, with an inconsistent track record of increasing its. KB Home operates in 47 markets from coast to coast and is one of the largest and most recognized homebuilders in the United States, with over 655,000 quality homes built in its over 65-year history. Representative Lee has reported the sale of between $1,000 to $15,000 in shares of a joint ownership stake in KB Home traded on Oct. 27, reported Unusual Whales.
• The St. Joe Company (NYSE:JOE) offers a dividend yield of 1.09% or 40 cents per share annually, through quarterly payments, with a track record of increasing its dividends once in the past year. St. Joe is a real estate management and development firm with real estate assets and operations currently concentrated primarily between Tallahassee and Destin, Florida. These real estate assets and operations are in connection with various residential or commercial real estate developments, resorts and leisure operations, and leasing operations or forestry operations on a limited basis. Rep. Lee has reported the sale of between $1,000 to $15,000 in shares of a joint ownership stake in St. Joe traded on Oct. 27, reported Unusual Whales.

Congressional Trading: Sen. Elizabeth Warren and Sen. Steve Daines wants to ban members of Congress and their spouses from owning or trading individual stocks.

Photo by Benoit Dare on Unsplash

Posted In: JOE KBH