PPP and Bank Fraud Enforcement Harmonization Act of 2022 Public Law 117–166 PPP and Bank Fraud Enforcement Harmonization Act of 2022 166 117–166 Statute Compilation United States House of Representatives Office of the Legislative Counsel 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. GPO Statute Compilations USLM converter, version 20210527.1 2022-09-23 PPP and Bank Fraud Enforcement Harmonization Act of 2022 16988 117 2022-08-05 PPP and Bank Fraud Enforcement Harmonization Act of 2022 [(Public Law 117–166)] [This law has not been amended] [Currency: This publication is a compilation of the text of Public Law 117–166. It was last amended by the public law listed in the As Amended Through note above and below at the bottom of each page of the pdf version and reflects current law through the date of the enactment of the public law listed at https://www.govinfo.gov/app/collection/comps/] [Note: While this publication does not represent an official version of any Federal statute, substantial efforts have been made to ensure the accuracy of its contents. The official version of Federal law is found in the United States Statutes at Large and in the United States Code. The legal effect to be given to the Statutes at Large and the United States Code is established by statute (1 U.S.C. 112, 204).]
AN ACTTo 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. [15 U.S.C. 631 note] 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.” .