117 HR 7334 IH: COVID–19 EIDL Fraud Statute of Limitations Act of 2022 U.S. House of Representatives 2022-03-31 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I117th CONGRESS2d SessionH. R. 7334IN THE HOUSE OF REPRESENTATIVESMarch 31, 2022Mr. Luetkemeyer (for himself and Ms. Velázquez) introduced the following bill; which was referred to the Committee on Small BusinessA BILLTo extend the statute of limitations for fraud by borrowers under certain COVID–19 economic injury disaster loan programs of the Small Business Administration, and for other purposes.

1.

Short title

This Act may be cited as the COVID–19 EIDL Fraud Statute of Limitations Act of 2022.

2.

Extension of statute of limitations for certain COVID–19 economic injury disaster loan programs

(a)

Certain economic injury disaster loans

Section 7(b) of the Small Business Act (15 U.S.C. 636(b)) is amended by inserting after paragraph (15) the following new paragraph:(16)

Statute of Limitations

Notwithstanding any other provision of law, any criminal charge or civil enforcement action alleging that a borrower engaged in fraud with respect to a loan made under this subsection in response to COVID–19 during the covered period (as defined in section 1110(a) of the CARES Act) shall be filed not later than 10 years after the offense was committed..(b)

EIDL advances

Section 1110(e) of the CARES Act (15 U.S.C. 9009(e)) is amended by adding at the end the following new paragraph:(9)

Statute of Limitations

Notwithstanding any other provision of law, any criminal charge or civil enforcement action alleging that a borrower engaged in fraud with respect to the use of an advance received under this subsection shall be filed not later than 10 years after the offense was committed..(c)

Targeted EIDL advances

Section 331 of the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (15 U.S.C. 9009b) is amended by adding at the end the following new subsection:(i)

Statute of Limitations

Notwithstanding any other provision of law, any criminal charge or civil enforcement action alleging that a borrower engaged in fraud with respect to the use of any amount received pursuant to this section shall be filed not later than 10 years after the offense was committed..