S. 3992Senate116th Congress (2019-2021)In Committee

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.

AI-Generated Summary

Updated April 14, 2026 at 1:01 PM UTC

The bill amends the Small Business Act to expand PPP loan eligibility to certain small chambers of commerce and destination marketing organizations. To qualify, these groups must be tax‑exempt under the Internal Revenue Code (or be quasi‑governmental) and employ no more than 300 workers. The change explicitly excludes trade associations from receiving PPP loans.

Key Provisions

Adds a new eligibility category (clause viii) to the Small Business Act so that chambers of commerce that are tax‑exempt 501(c)(6) organizations and have 300 or fewer employees can receive Paycheck Protection Program (PPP) loans.
Allows destination marketing organizations that either (a) are tax‑exempt 501(c) entities with 300 or fewer employees, or (b) are quasi‑governmental entities or political subdivisions of state or local governments (including their instruments) with 300 or fewer employees to receive PPP loans.
Specifies that this eligibility does not extend to trade associations.

Legislative Activity

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1 earlier action

SenateIntro Referral Latest Action

Read twice and referred to the Committee on Small Business and Entrepreneurship.

Small Business and Entrepreneurship Committee

June 17, 2020

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SenateIntro Referral

Introduced in Senate

June 17, 2020

SenateIntro Referral

Read twice and referred to the Committee on Small Business and Entrepreneurship.

Small Business and Entrepreneurship Committee

June 17, 2020

Bill Text

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Introduced in SenateIssued June 17, 2020

116th CONGRESS

2d Session

S. 3992

IN THE SENATE OF THE UNITED STATES

June 17, 2020

Mr. Cruz (for himself, Mr. Scott of South Carolina, and Mr. Rubio) introduced the following bill; which was read twice and referred to the Committee on Small Business and Entrepreneurship

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.

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.