Pub. L. 117-165 - COVID-19 EIDL Fraud Statute of Limitations Act of 2022

117th Congress

Affects: 15 U.S.C. §§ 636, 9009b, 9009

SECTION 1. SHORT TITLE.

This Act may be cited as the “COVID–19 EIDL Fraud Statute of Limitations Act of 2022”.

SEC. 2. EXTENSION OF STATUTE OF LIMITATIONS FOR CERTAIN COVID–19 ECONOMIC INJURY DISASTER LOAN PROGRAMS.

(a) Section 7(b) of the Small Business Act (15 U.S.C. 636(b)) is amended by inserting after paragraph (15) the following new paragraph:

(a)“(16) Notwithstanding any other provision of law, any criminal charge or civil enforcement action alleging that a borrower engaged in fraud with respect to a loan made under this subsection in response to COVID–19 during the covered period (as defined in section 1110(a) of the CARES Act) shall be filed not later than 10 years after the offense was committed.”

(a) .

(b) Section 1110(e) of the CARES Act (15 U.S.C. 9009(e)) is amended by adding at the end the following new paragraph:

(b)“(9) Notwithstanding any other provision of law, any criminal charge or civil enforcement action alleging that a borrower engaged in fraud with respect to the use of an advance received under this subsection shall be filed not later than 10 years after the offense was committed.”

(b) .

(c) Section 331 of the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (15 U.S.C. 9009b) is amended by adding at the end the following new subsection:

(c)“(i) Notwithstanding any other provision of law, any criminal charge or civil enforcement action alleging that a borrower engaged in fraud with respect to the use of any amount received pursuant to this section shall be filed not later than 10 years after the offense was committed.”

(c) .

Legislative History

LEGISLATIVE HISTORY—H.R. 7334:

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.