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H.R. 7397House116th Congress (2019-2021)In Committee

To amend the Small Business Act to provide that certain chambers of commerce and destination marketing organizations are eligible for loans under the paycheck protection program, and for other purposes.

Sponsored by Ross SpanoRep. Ross Spano (R-FL)
Introduced June 29, 2020

AI-Generated Summary

Updated April 14, 2026 at 1:20 PM UTC

The bill changes the Small Business Act so that certain nonprofit chambers of commerce and destination‑marketing organizations can qualify for Paycheck Protection Program (PPP) loans. To be eligible, these groups must have 300 or fewer employees. The amendment also makes clear that trade associations are not covered.

Key Provisions

  • Adds a new eligibility category (clause viii) for chambers of commerce that are 501(c)(6) tax‑exempt organizations with 300 or fewer employees.
  • Adds eligibility for destination‑marketing organizations that either are 501(c) tax‑exempt or are quasi‑governmental entities (or political subdivisions) and have 300 or fewer employees.
  • Specifies that these groups can receive a “covered loan” under the PPP during the program’s covered period.
  • Explicitly states that the new eligibility does not extend to trade associations.

Legislative Activity

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HouseIntro Referral Latest Action

Referred to the House Committee on Small Business.

Small Business Committee

June 29, 2020

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HouseIntro Referral

Introduced in House

June 29, 2020

HouseIntro Referral

Referred to the House Committee on Small Business.

Small Business Committee

June 29, 2020

Bill Text

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Introduced in HouseIssued June 29, 2020

I

116th CONGRESS

2d Session

H. R. 7397

IN THE HOUSE OF REPRESENTATIVES

June 29, 2020

Mr. Spano introduced the following bill; which was referred to the Committee on Small Business

A BILL

To amend the Small Business Act to provide that certain chambers of commerce and destination marketing organizations are eligible for loans under the paycheck protection program, and for other purposes.

1.

Eligibility for chambers of commerce and destination marketing 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 chambers of commerce and destination marketing organizations

(I)

In general

During the covered period—

(aa)

any chamber of commerce that is described in section 501(c)(6) of the Internal Revenue Code and that is exempt from taxation under section 501(a) of such Code shall be eligible to receive a covered loan if the chamber of commerce employs not more than 300 employees; and

(bb)

any destination marketing organization shall be eligible to receive a covered loan if the destination marketing organization employs not more than 300 employees and—

(AA)

is described in section 501(c) of the Internal Revenue Code and is exempt from taxation under section 501(a) of such Code; or

(BB)

is a quasi-governmental entity or is a political subdivision of a State or local government, including any instrumentality of those entities.

(II)

Rule of construction

Nothing in this clause shall be construed to provide eligibility for trade associations for covered loans.

.