[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7352 Engrossed in House (EH)]

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117th CONGRESS
  2d Session
                                H. R. 7352

_______________________________________________________________________

                                 AN ACT


 
To amend the Small Business Act to extend the statute of limitation for 
fraud by borrowers under the Paycheck Protection Program, 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 ``PPP and Bank Fraud Enforcement 
Harmonization Act of 2022''.

SEC. 2. FRAUD ENFORCEMENT HARMONIZATION.

    (a) Paycheck Protection Program.--Section 7(a)(36) of the Small 
Business Act (15 U.S.C. 636(a)(36)) is amended by adding at the end the 
following new subparagraph:
                    ``(W) Fraud enforcement harmonization.--
                Notwithstanding any other provision of law, any 
                criminal charge or civil enforcement action alleging 
                that a borrower engaged in fraud with respect to a 
                covered loan guaranteed under this paragraph shall be 
                filed not later than 10 years after the offense was 
                committed.''.
    (b) Paycheck Protection Program Second Draw Loans.--Section 
7(a)(37) of the Small Business Act (15 U.S.C. 636(a)(37)) is amended by 
adding at the end the following new subparagraph:
                    ``(P) Fraud enforcement harmonization.--
                Notwithstanding any other provision of law, any 
                criminal charge or civil enforcement action alleging 
                that a borrower engaged in fraud with respect to a 
                covered loan guaranteed under this paragraph shall be 
                filed not later than 10 years after the offense was 
                committed.''.

            Passed the House of Representatives June 8, 2022.

            Attest:

                                                                 Clerk.
117th CONGRESS

  2d Session

                               H. R. 7352

_______________________________________________________________________

                                 AN ACT

To amend the Small Business Act to extend the statute of limitation for 
fraud by borrowers under the Paycheck Protection Program, and for other 
                               purposes.