117 HR 7352 ENR: 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.
House Bill7352117 HR 7352 ENR
117hr7352enr
117 H.R. 7352 ENR
United States House of RepresentativesUnited States Government Publishing Officetext/xmlENPursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.ENR
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H. R.7352
One Hundred Seventeenth Congress of the United States of AmericaA T T H E S E C O N D S E S S I O N
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.