[117th Congress Public Law 166]
[From the U.S. Government Publishing Office]



[[Page 136 STAT. 1365]]

Public Law 117-166
117th Congress

                                 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. <<NOTE: Aug. 5, 2022 -  [H.R. 7352]>> 

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled, <<NOTE: PPP and Bank 
Fraud Enforcement Harmonization Act of 2022.>> 
SECTION 1. <<NOTE: 15 USC 631 note.>> SHORT TITLE.

    This Act may be cited as the ``PPP and Bank Fraud Enforcement 
Harmonization Act of 2022''.
SEC. 2. <<NOTE: Deadlines.>> 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.''.

    Approved August 5, 2022.

LEGISLATIVE HISTORY--H.R. 7352:
---------------------------------------------------------------------------

HOUSE REPORTS: No. 117-328 (Comm. on Small Business).
CONGRESSIONAL RECORD, Vol. 168 (2022):
            June 7, 8, considered and passed House.
            July 28, considered and passed Senate.
DAILY COMPILATION OF PRESIDENTIAL DOCUMENTS (2022):
            Aug. 5, Presidential remarks.

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