[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7352 Enrolled Bill (ENR)]

        H.R.7352

                    One Hundred Seventeenth Congress

                                 of the

                        United States of America


                          AT THE SECOND SESSION

           Begun and held at the City of Washington on Monday,
          the third day of January, two thousand and twenty-two


                                 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.''.

                               Speaker of the House of Representatives.

                            Vice President of the United States and    
                                               President of the Senate.