[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7334 Referred in Senate (RFS)]

<DOC>
117th CONGRESS
  2d Session
                                H. R. 7334


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                              June 9, 2022

 Received; read twice and referred to the Committee on Small Business 
                          and Entrepreneurship

_______________________________________________________________________

                                 AN ACT


 
   To 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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

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

SEC. 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.''.

            Passed the House of Representatives June 8, 2022.

            Attest:

                                             CHERYL L. JOHNSON,

                                                                 Clerk.