H.R. 7334, COVID-19 EIDL Fraud Statute of Limitations Act of 2022 — bill texts

Case summary

This page collects five printings of H.R. 7334, the COVID-19 EIDL Fraud Statute of Limitations Act of 2022, from its introduction on March 31, 2022 to the enrolled text of August 5, 2022: introduced, reported in the House, engrossed in the House, received in the Senate and enrolled. Representative Luetkemeyer introduced the bill for himself and Representative Velázquez and it was referred to the Committee on Small Business. The act extends to ten years after the offense was committed the deadline for filing any criminal charge or civil enforcement action alleging borrower fraud, amending section 7(b) of the Small Business Act for COVID-19 economic injury disaster loans, section 1110(e) of the CARES Act for EIDL advances and section 331 of the Economic Aid Act for targeted EIDL advances.

Case at a glance

What does the act do?

It requires that any criminal charge or civil enforcement action alleging that a borrower engaged in fraud with respect to a covered COVID-19 economic injury disaster loan, an EIDL advance or a targeted EIDL advance be filed not later than ten years after the offense was committed, notwithstanding any other provision of law.

Which statutes does it amend?

Section 7(b) of the Small Business Act, 15 U.S.C. 636(b), by inserting a new paragraph (16); section 1110(e) of the CARES Act, 15 U.S.C. 9009(e), by adding a new paragraph (9); and section 331 of the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act, 15 U.S.C. 9009b, by adding a new subsection (i).

What stages does the page hold?

Five: the bill as introduced on March 31, 2022, as reported in the House on May 17, 2022, as engrossed in the House and as received in the Senate on June 9, 2022, and as enrolled on August 5, 2022.

Summary written from the documents on this page; every sentence is sourced.