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

<DOC>





                                                 Union Calendar No. 246
117th CONGRESS
  2d Session
                                H. R. 7352

                          [Report No. 117-328]

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.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 31, 2022

    Ms. Velazquez (for herself and Mr. Luetkemeyer) introduced the 
 following bill; which was referred to the Committee on Small Business

                              May 17, 2022

Additional sponsors: Mr. Mfume, Ms. Davids of Kansas, and Ms. Van Duyne

                              May 17, 2022

    Reported from the Committee on Small Business; committed to the 
 Committee of the Whole House on the State of the Union and ordered to 
                               be printed


_______________________________________________________________________

                                 A BILL


 
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.''.
                                                 Union Calendar No. 246

117th CONGRESS

  2d Session

                               H. R. 7352

                          [Report No. 117-328]

_______________________________________________________________________

                                 A BILL

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.

_______________________________________________________________________

                              May 17, 2022

   Committed to the Committee of the Whole House on the State of the 
                    Union and ordered to be printed