Section 1 Short title
This Act may be cited as the “Local Chamber, Tourism, and 501(c)(6) Protection Act of 2020”.
Local Chamber, Tourism, and 501(c)(6) Protection Act of 2020
A BILL
To amend the Small Business Act to expand the Paycheck Protection Program for certain organizations, and for other purposes.
Sec. 2 Paycheck protection program
Section 7(a)(36) of the Small Business Act (15 U.S.C. 636(a)(36)) is amended—
in subparagraph (A)—
in clause (viii)(II)—
in item (dd), by striking “or” at the end;
in item (ee), by striking “; and” at the end and inserting “; or”; and
by adding at the end the following:
“(ff) any compensation of an employee who is a registered lobbyist under the Lobbying Disclosure Act of 1995 (2 U.S.C. 1601 et seq.);”
in clause (ix), by striking the period at the end and inserting a semicolon; and
by adding at the end the following:
“(x) the term “covered business organization” means an organization (other than a professional football league) that—
“(I) is described in section 501(c)(6) of the Internal Revenue Code of 1986 or is a destination marketing organization (without regard to whether such organization is described in such section); and
“(II) has 300 or fewer employees; and
“(xi) the term “destination marketing organization” means a non-profit entity, a State, or a political subdivision of a State (including any instrumentality of such entities) engaged in marketing and promoting communities and facilities to businesses and leisure travelers through a range of activities, including—
“(I) assisting with the location of meeting and convention sites;
“(II) providing travel information on area attractions, lodging accommodations, and restaurants;
“(III) providing maps; and
“(IV) organizing group tours of local historical, recreational, and cultural attractions.”
in subparagraph (D), by adding at the end the following:
“(vii) Inclusion of covered business organizations—During the covered period, a covered business organization shall be eligible to receive a covered loan.”