Bill text (introduced) — H.R. 7334, COVID-19 EIDL Fraud Statute of Limitations Act of 2022

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I 
117TH CONGRESS 
2D SESSION 
H. R. 7334 
To extend the statute of limitations for fraud by borrowers under certain 
COVID–19 economic injury disaster loan programs of the Small Business 
Administration, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
MARCH 31, 2022 
Mr. LUETKEMEYER (for himself and Ms. VELA´ZQUEZ) introduced the 
following bill; which was referred to the Committee on Small Business 
A BILL 
To extend the statute of limitations for fraud by borrowers 
under certain COVID–19 economic injury disaster loan 
programs of the Small Business Administration, and for 
other purposes. 
Be it enacted by the Senate and House of Representa-
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tives of the United States of America in Congress assembled, 
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SECTION 1. SHORT TITLE. 
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This Act may be cited as the ‘‘COVID–19 EIDL 
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Fraud Statute of Limitations Act of 2022’’. 
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•HR 7334 IH
SEC. 2. EXTENSION OF STATUTE OF LIMITATIONS FOR CER-
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TAIN COVID–19 ECONOMIC INJURY DISASTER 
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LOAN PROGRAMS. 
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(a) CERTAIN ECONOMIC INJURY DISASTER LOANS.— 
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Section 7(b) of the Small Business Act (15 U.S.C. 636(b)) 
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is amended by inserting after paragraph (15) the following 
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new paragraph: 
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‘‘(16) STATUTE
OF
LIMITATIONS.—Notwith-
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standing any other provision of law, any criminal 
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charge or civil enforcement action alleging that a 
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borrower engaged in fraud with respect to a loan 
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made under this subsection in response to COVID– 
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19 during the covered period (as defined in section 
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1110(a) of the CARES Act) shall be filed not later 
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than 10 years after the offense was committed.’’. 
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(b) EIDL ADVANCES.—Section 1110(e) of the 
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CARES Act (15 U.S.C. 9009(e)) is amended by adding 
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at the end the following new paragraph: 
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‘‘(9) STATUTE
OF
LIMITATIONS.—Notwith-
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standing any other provision of law, any criminal 
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charge or civil enforcement action alleging that a 
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borrower engaged in fraud with respect to the use 
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of an advance received under this subsection shall be 
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filed not later than 10 years after the offense was 
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committed.’’. 
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•HR 7334 IH
(c) TARGETED EIDL ADVANCES.—Section 331 of 
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the Economic Aid to Hard-Hit Small Businesses, Non-
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profits, and Venues Act (15 U.S.C. 9009b) is amended 
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by adding at the end the following new subsection: 
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‘‘(i) STATUTE
OF LIMITATIONS.—Notwithstanding 
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any other provision of law, any criminal charge or civil 
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enforcement action alleging that a borrower engaged in 
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fraud with respect to the use of any amount received pur-
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suant to this section shall be filed not later than 10 years 
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after the offense was committed.’’. 
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Æ 
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