more than 33.33 percent of the gross 
receipts of the employer for the other 
6 months of that year.’’. 
(b) LOAN FORGIVENESS.—Paragraph (12) of section 
1106(a) of the CARES Act (15 U.S.C. 9005(a)), as so 
redesignated by section 1(b) of this Act, is amended to 
read as follows: 
‘‘(12) the terms ‘payroll costs’ and ‘seasonal 
employer’ have the meanings given those terms in 
section 7(a)(36) of the Small Business Act (15 
U.S.C. 636(a)(36)).’’. 
SEC. 12. ELIGIBILITY OF 501(C)(6) ORGANIZATIONS FOR 
LOANS UNDER THE PAYCHECK PROTECTION 
PROGRAM. 
Section 7(a)(36)(D) of the Small Business Act (15 
U.S.C. 636(a)(36)(D)) is amended— 
(1) in clause (v), by inserting ‘‘or whether an 
entity described in clause (vii) employs not more 
than 300 employees,’’ after ‘‘clause (i)(I),’’; and 
(2) by adding at the end the following: 
‘‘(vii) 
ELIGIBILITY
FOR
CERTAIN 
501(C)(6) ORGANIZATIONS.— 
‘‘(I) IN
GENERAL.—Except as 
provided in subclause (II), any organi-
zation that is described in section 
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501(c)(6) of the Internal Revenue 
Code and that is exempt from tax-
ation under section 501(a) of such 
Code (excluding professional football 
leagues and organizations with the 
purpose of promoting or participating 
in a political campaign or other activ-
ity) shall be eligible to receive a cov-
ered loan if— 
‘‘(aa) the organization does 
not receive more than 10 percent 
of its receipts from lobbying ac-
tivities; 
‘‘(bb) the lobbying activities 
of the organization do not com-
prise more than 10 percent of the 
total activities of the organiza-
tion; and 
‘‘(cc) the organization em-
ploys not more than 300 employ-
ees. 
‘‘(II) DESTINATION
MARKETING 
ORGANIZATIONS.—Notwithstanding 
subclause (I), during the covered pe-
riod, any destination marketing orga-
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nization shall be eligible to receive a 
covered loan if— 
‘‘(aa) the destination mar-
keting organization does not re-
ceive more than 10 percent of its 
receipts from lobbying activities; 
‘‘(bb) the lobbying activities 
of the destination marketing or-
ganization do not comprise more 
than 10 percent of the total ac-
tivities of the organization; 
‘‘(cc) the destination mar-
keting organization employs not 
more than 300 employees; and 
‘‘(dd) the destination mar-
keting organization— 
‘‘(AA) is described in 
section 501(c) of the Inter-
nal Revenue Code and is ex-
empt from taxation under 
section 501(a) of such Code; 
or 
‘‘(BB) is a quasi-gov-
ernmental entity or is a po-
litical subdivision of a State 
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or local government, includ-
ing any instrumentality of 
those entities.’’. 
SEC. 13. PROHIBITION ON USE OF LOAN PROCEEDS FOR 
LOBBYING ACTIVITIES. 
Section 7(a)(36)(F) of the Small Business Act (15 
U.S.C. 636(a)(36)(F)) is amended by adding at the end 
the following: 
‘‘(vi) PROHIBITION.—None of the pro-
ceeds of a covered loan may be used for 
lobbying activities, as defined in section 3 
of the Lobbying Disclosure Act of 1995 (2 
U.S.C. 1602).’’. 
SEC. 14. EFFECTIVE DATE; APPLICABILITY. 
The amendments made to paragraph (36) of section 
7(a) of the Small Business Act (15 U.S.C. 636(a)) and 
title I of the CARES Act (Public Law 116–136) under 
this Act, except for section 17 of this Act, shall be effective 
as if included in the CARES Act and shall apply to any 
loan made pursuant to section 7(a)(36) of the Small Busi-
ness Act (15 U.S.C. 636(a)(36)). 
SEC. 15. BANKRUPTCY PROVISIONS. 
(a) IN GENERAL.—Section 364 of title 11, United 
States Code, is amended by adding at the end the fol-
lowing: 
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‘‘(g)(1) The court, after notice and a hearing, may 
authorize a debtor in possession or a trustee that is au-
thorized to operate the business of the debtor under sec-
tion 1183, 1184, 1203, 1204, or 1304 of this title to ob-
tain a loan under section 7(a)(36) of the Small Business 
Act (15 U.S.C. 636(a)(36)), and such loan shall be treated 
as a debt to the extent the loan is not forgiven under sec-
tion 1106 of the CARES Act (15 U.S.C. 9005) with pri-
ority equal to a claim of the kind specified in subsection 
(c)(1) of this section. 
‘‘(2) The trustee may incur debt described in para-
graph (1) notwithstanding any provision in a contract, 
prior order authorizing the trustee to incur debt under this 
section, prior order authorizing the trustee to use cash col-
lateral under section 363, or applicable law that prohibits 
the debtor from incurring additional debt. 
‘‘(3) The court shall hold a hearing within 7 days 
after the filing and service of the motion to obtain a loan 
described in paragraph (1).’’. 
(b) ALLOWANCE OF ADMINISTRATIVE EXPENSES.— 
Section 503(b) of title 11, United States Code, is amend-
ed— 
(1) in paragraph (8)(B), by striking ‘‘and’’ at 
the end; 
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(2) in paragraph (9), by striking the period at 
the end and inserting ‘‘; and’’; and 
(3) by adding at the end the following: 
‘‘(10) 
any 
debt 
incurred 
under 
section 
364(g)(1) of this title.’’. 
(c) CONFIRMATION
OF PLAN
FOR REORGANIZA-
TION.—Section 1191 of title 11, United States Code, is 
amended by adding at the end the following: 
‘‘(f) SPECIAL PROVISION RELATED TO COVID–19 
PANDEMIC.—Notwithstanding section 1129(a)(9)(A) of 
this title and subsection (e) of this section, a plan that 
provides for payment of a claim of a kind specified in sec-
tion 503(b)(10) of this title may be confirmed under sub-
section (b) of this section if the plan proposes to make 
payments on account of such claim when due under the 
terms of the loan giving rise to such claim.’’. 
(d) CONFIRMATION OF PLAN FOR FAMILY FARMERS 
AND FISHERMEN.—Section 1225 of title 11, United 
States Code, is amended by adding at the end the fol-
lowing: 
‘‘(d) Notwithstanding section 1222(a)(2) of this title 
and subsection (b)(1) of this section, a plan that provides 
for payment of a claim of a kind specified in section 
503(b)(10) of this title may be confirmed if the plan pro-
poses to make payments on account of such claim when 
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due under the terms of the loan giving rise to such 
claim.’’. 
(e) CONFIRMATION OF PLAN FOR INDIVIDUALS.— 
Section 1325 of title 11, United States Code, is amended 
by adding at the end the following: 
‘‘(d) Notwithstanding section 1322(a)(2) of this title 
and subsection (b)(1) of this section, a plan that provides 
for payment of a claim of a kind specified in section 
503(b)(10) of this title may be confirmed if the plan pro-
poses to make payments on account of such claim when 
due under the terms of the loan giving rise to such 
claim.’’. 
(f) EFFECTIVE DATE; SUNSET.— 
(1) EFFECTIVE DATE.—The amendments made 
by subsections (a) through (e) shall— 
(A) take effect on the date on which the 
Administrator of the Small Business Adminis-
tration submits to the Director of the Executive 
Office for United States Trustees a written de-
termination that, subject to satisfying any other 
eligibility requirements, any debtor in posses-
sion or trustee that is authorized to operate the 
business of the debtor under section 1183, 
1184, 1203, 1204, or 1304 of title 11, United 
States Code, would be eligible for a loan under 
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section 7(a)(36) of the Small Business Act (15 
U.S.C. 636(a)(36)); and 
(B) apply to any case pending on or com-
menced on or after the date described in sub-
paragraph (A). 
(2) SUNSET.— 
(A) IN
GENERAL.—If the amendments 
made by this section take effect under para-
graph (1), effective on the date that is 2 years 
after the date of enactment of this Act— 
(i) section 364 of title 11, United 
States Code, is amended by striking sub-
section (g); 
(ii) section 503(b) of title 11, United 
States Code, is amended— 
(I) in paragraph (8)(B), by add-
ing ‘‘and’’ at the end; 
(II) in paragraph (9), by striking 
‘‘; and’’ at the end and inserting a pe-
riod; and 
(III) by striking paragraph (10); 
(iii) section 1191 of title 11, United 
States Code, is amended by striking sub-
section (f); 
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(iv) section 1225 of title 11, United 
States Code, is amended by striking sub-
section (d); and 
(v) section 1325 of title 11, United 
States Code, is amended by striking sub-
section (d). 
(B) APPLICABILITY.—Notwithstanding the 
amendments made by subparagraph (A) of this 
paragraph, if the amendments made by sub-
sections (a), (b), (c), (d), and (e) take effect 
under paragraph (1) of this subsection, such 
amendments shall apply to any case under title 
11, United States Code, commenced before the 
date that is 2 years after the date of enactment 
of this Act. 
SEC. 16. CONFLICTS OF INTEREST. 
(a) DEFINITIONS.—In this section: 
(1) CONTROLLING INTEREST.—The term ‘‘con-
trolling interest’’ means owning, controlling, or hold-
ing not less than 20 percent, by vote or value, of the 
outstanding amount of any class of equity interest in 
an entity. 
(2) COVERED ENTITY.— 
(A) DEFINITION.—The term ‘‘covered enti-
ty’’ means an entity in which a covered indi-
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vidual directly or indirectly holds a controlling 
interest. 
(B) TREATMENT OF SECURITIES.—For the 
purpose of determining whether an entity is a 
covered entity, the securities owned, controlled, 
or held by 2 or more individuals who are related 
as described in paragraph (3)(B) shall be ag-
gregated. 
(3) COVERED INDIVIDUAL.—The term ‘‘covered 
individual’’ means— 
(A) the President, the Vice President, the 
head of an Executive department, or a Member 
of Congress; and 
(B) the spouse, child, son-in-law, or daugh-
ter-in-law, as determined under applicable com-
mon law, of an individual described in subpara-
graph (A). 
(4) EXECUTIVE DEPARTMENT.—The term ‘‘Ex-
ecutive department’’ has the meaning given the term 
in section 101 of title 5, United States Code. 
(5) MEMBER OF CONGRESS.—The term ‘‘Mem-
ber of Congress’’ means a Member of the Senate or 
House of Representatives, a Delegate to the House 
of Representatives, and the Resident Commissioner 
from Puerto Rico. 
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(6) EQUITY INTEREST.—The term ‘‘equity in-
terest’’ means— 
(A) a share in an entity, without regard to 
whether the share is— 
(i) transferable; or 
(ii) classified as stock or anything 
similar; 
(B) a capital or profit interest in a limited 
liability company or partnership; or 
(C) a warrant or right, other than a right 
to convert, to purchase, sell, or subscribe to a 
share or interest described in subparagraph (A) 
or (B), respectively. 
(b) REQUIREMENT.—The principal executive officer 
and the principal financial officer, or individuals per-
forming similar functions, of an entity seeking to enter 
a transaction made under paragraph (36) or (37) of sec-
tion 7(a) of the Small Business Act (15 U.S.C. 636(a)), 
as added and amended by this Act, shall, before that 
transaction is approved, disclose to the Administrator 
whether the entity is a covered entity. 
(c) APPLICABILITY.—The requirement under sub-
section (b)— 
(1) shall apply with respect to any transaction 
made under paragraph (36) or (37) of section 7(a) 
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of the Small Business Act (15 U.S.C. 636(a)), as 
added and amended by this Act, on or after the date 
of enactment of this Act; and 
(2) shall not apply with respect to— 
(A) any transaction described in paragraph 
(1) that was made before the date of enactment 
of this Act; or 
(B) forgiveness under section 1106 of the 
CARES Act (15 U.S.C. 9005) or any other pro-
vision of law of any loan associated with any 
transaction described in paragraph (1) that was 
made before the date of enactment of this Act. 
SEC. 17. FUNDING. 
(a) COMMITMENT AUTHORITY.— 
(1) 
CARES 
ACT
AMENDMENTS.—Section 
1102(b) of the CARES Act (Public Law 116–136) 
is amended— 
(A) in paragraph (1)— 
(i) in the paragraph heading, by in-
serting 
‘‘AND
SECOND
DRAW’’ 
after 
‘‘PPP’’; 
(ii) by striking ‘‘August 8, 2020’’ and 
inserting ‘‘December 31, 2020’’; 
(iii) by striking ‘‘paragraph (36)’’ and 
inserting ‘‘paragraphs (36) and (37)’’; and 
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(iv) by striking ‘‘$659,000,000,000’’ 
and inserting ‘‘$749,000,000,000’’; and 
(B) by amending paragraph (2) to read as 
follows: 
‘‘(2) OTHER 7(a) LOANS.—During fiscal year 
2020, the amount authorized for commitments for 
section 7(a) of the Small Business Act (15 U.S.C. 
636(a)) under the heading ‘Small Business Adminis-
tration—Business Loans Program Account’ in the 
Financial Services and General Government Appro-
priations Act, 2020 (division C of Public Law 116– 
193) shall apply with respect to any commitments 
under such section 7(a) other than under para-
graphs (36) and (37) of such section 7(a).’’. 
(b) DIRECT APPROPRIATIONS.— 
(1) RESCISSION.—With respect to unobligated 
balances under the heading ‘‘″Small Business Ad-
ministration—Business Loans Program Account, 
CARES Act’’ as of the day before the date of enact-
ment of this Act, $100,000,000,000 shall be perma-
nently rescinded. 
(2) NEW DIRECT APPROPRIATIONS.—There is 
appropriated, out of amounts in the Treasury not 
otherwise appropriated, for the fiscal year ending 
September 30, 2020, for an additional amount for 
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‘‘Small Business Administration—Business Loans 
Program Account, CARES Act’’, $190,000,000,000, 
to remain available under September 30, 2021, for 
the cost of guaranteed loans as authorized under 
paragraph (36) and (37) of section 7(a) of the Small 
Business Act (15 U.S.C. 636(a)), as amended and 
added by this Act. 
(c) EMERGENCY DESIGNATION.— 
(1) IN GENERAL.—The amounts provided under 
this section are designated as an emergency require-
ment pursuant to section 4(g) of the Statutory Pay- 
As-You-Go Act of 2010 (2 U.S.C. 933(g)). 
(2) DESIGNATION IN SENATE.—In the Senate, 
this section is designated as an emergency require-
ment pursuant to section 4112(a) of H. Con. Res. 
71 (115th Congress), the concurrent resolution on 
the budget for fiscal year 2018. 
SEC. 18. EMERGENCY RULEMAKING AUTHORITY. 
Not later than 30 days after the date of enactment 
of this Act, the Administrator shall issue regulations to 
carry out this Act and the amendments made by this Act 
without regard to the notice requirements under section 
553(b) of title 5, United States Code. 
SEC. 19. DEFINITIONS. 
In this Act: 
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(1) ADMINISTRATION; ADMINISTRATOR.—The 
terms ‘‘Administration’’ and ‘‘Administrator’’ mean 
the Small Business Administration and the Adminis-
trator thereof. 
(2) SMALL
BUSINESS
CONCERN.—The term 
‘‘small business concern’’ has the meaning given the 
term in section 3 of the Small Business Act (15 
U.S.C. 632). 
Æ 
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