117 HR 7352 RH: PPP and Bank Fraud Enforcement Harmonization Act of 2022 U.S. House of Representatives 2022-05-17 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

IBUnion Calendar No. 246117th CONGRESS2d SessionH. R. 7352[Report No. 117–328]IN THE HOUSE OF REPRESENTATIVESMarch 31, 2022Ms. Velázquez (for herself and Mr. Luetkemeyer) introduced the following bill; which was referred to the Committee on Small BusinessMay 17, 2022Additional sponsors: Mr. Mfume, Ms. Davids of Kansas, and Ms. Van DuyneMay 17, 2022Reported from the Committee on Small Business; committed to the Committee of the Whole House on the State of the Union and ordered to be printedA BILLTo amend the Small Business Act to extend the statute of limitation for fraud by borrowers under the Paycheck Protection Program, and for other purposes.

1.

Short title

This Act may be cited as the PPP and Bank Fraud Enforcement Harmonization Act of 2022.

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..

May 17, 2022 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed