Public Law 117–166: 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.Public Law166Public Law 117–166136 Stat. 13652022-08-052022-08-05United States Government Publishing OfficeNational Archives and Records AdministrationOffice of the Federal Registertext/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.GPO Locator to USLM Converter 4.15.31;Stage2.202507022026-01-02117publicPUBLIC LAW 117–166—AUG. 5, 2022136 STAT. 1365Public Law117–166117th CongressAn 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.
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,
PPP and Bank Fraud Enforcement Harmonization Act of 2022.
SECTION 1.
15 USC 631 note.
SHORT TITLE. This Act may be cited as the “PPP and Bank Fraud Enforcement Harmonization Act of 2022”.SEC. 2.
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.”.ApprovedAugust 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):