Local Chamber, Tourism, and 501(c)(6) Protection Act of 2020

Bill: 116-hr-6697
Sponsor: full_name: Rep. Pappas, Chris [D-NH-1]
Introduced: 2020-05-05
Policy area: Commerce
Subjects: Business expenses

Cardiovascular and respiratory health

Emergency medical services and trauma care

Government lending and loan guarantees

Infectious and parasitic diseases

Marketing and advertising

Public participation and lobbying

Small business

Tax-exempt organizations

Travel and tourism

Wages and earnings
Latest action: action_date: 2020-05-05
text: Referred to the House Committee on Small Business.

Summaries:
action_date: 2020-05-05
action_desc: Introduced in House
text: <p><b>Local Chamber, Tourism, and 501(c)(6) Protection Act of 2020</b></p> <p>This bill modifies the Paycheck Protection Program implemented by the Small Business Administration in response to COVID-19 (i.e., coronavirus disease 2019) to include certain entities and exclude certain individuals.</p> <p>Specifically, the bill expands the program to encompass organizations with 300 or fewer employees that (1) operate under section 501(c)(6) of the Internal Revenue Code (other than a professional football league), or (2) are a destination marketing organization engaged in promoting communities and facilities to businesses and leisure travelers.</p> <p>The bill also narrows the definition of <i>payroll costs</i> under the program to exclude any compensation of an employee who is a registered lobbyist from the calculation for loan amounts or for allowable uses of funds provided under the program. </p>

tv_txt: I 116th CONGRESS 2d Session H. R. 6697 IN THE HOUSE OF REPRESENTATIVES May 5, 2020 Mr. Pappas (for himself, Mr. Fitzpatrick , Mr. Cisneros , and Mr. Steube ) introduced the following bill; which was referred to the Committee on Small Business A BILL To amend the Small Business Act to expand the Paycheck Protection Program for certain organizations, and for other purposes.

1. Short title This Act may be cited as the Local Chamber, Tourism, and 501(c)(6) Protection Act of 2020 . 2. Paycheck protection program Section 7(a)(36) of the Small Business Act ( 15 U.S.C. 636(a)(36) ) is amended— (1) in subparagraph (A)— (A) in clause (viii)(II)— (i) in item (dd), by striking or at the end; (ii) in item (ee), by striking ; and at the end and inserting ; or ; and (iii) 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.); ; (B) in clause (ix), by striking the period at the end and inserting a semicolon; and (C) 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. ; and (2) 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. .