Bill text (received Senate) — H.R. 7334, COVID-19 EIDL Fraud Statute of Limitations Act of 2022 (2022-06-09)

Record facts

Full text

IIB 
117TH CONGRESS 
2D SESSION 
H. R. 7334 
IN THE SENATE OF THE UNITED STATES 
JUNE 9, 2022 
Received; read twice and referred to the Committee on Small Business and 
Entrepreneurship 
AN ACT 
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-
1
tives of the United States of America in Congress assembled, 
2
VerDate Sep 11 2014 
21:35 Jun 09, 2022
Jkt 029200
PO 00000
Frm 00001
Fmt 6652
Sfmt 6201
E:\BILLS\H7334.RFS
H7334
kjohnson on DSK79L0C42PROD with BILLS

2 
HR 7334 RFS
SECTION 1. SHORT TITLE. 
1
This Act may be cited as the ‘‘COVID–19 EIDL 
2
Fraud Statute of Limitations Act of 2022’’. 
3
SEC. 2. EXTENSION OF STATUTE OF LIMITATIONS FOR CER-
4
TAIN COVID–19 ECONOMIC INJURY DISASTER 
5
LOAN PROGRAMS. 
6
(a) CERTAIN ECONOMIC INJURY DISASTER LOANS.— 
7
Section 7(b) of the Small Business Act (15 U.S.C. 636(b)) 
8
is amended by inserting after paragraph (15) the following 
9
new paragraph: 
10
‘‘(16) STATUTE
OF
LIMITATIONS.—Notwith-
11
standing any other provision of law, any criminal 
12
charge or civil enforcement action alleging that a 
13
borrower engaged in fraud with respect to a loan 
14
made under this subsection in response to COVID– 
15
19 during the covered period (as defined in section 
16
1110(a) of the CARES Act) shall be filed not later 
17
than 10 years after the offense was committed.’’. 
18
(b) EIDL ADVANCES.—Section 1110(e) of the 
19
CARES Act (15 U.S.C. 9009(e)) is amended by adding 
20
at the end the following new paragraph: 
21
‘‘(9) STATUTE
OF
LIMITATIONS.—Notwith-
22
standing any other provision of law, any criminal 
23
charge or civil enforcement action alleging that a 
24
borrower engaged in fraud with respect to the use 
25
of an advance received under this subsection shall be 
26
VerDate Sep 11 2014 
21:35 Jun 09, 2022
Jkt 029200
PO 00000
Frm 00002
Fmt 6652
Sfmt 6201
E:\BILLS\H7334.RFS
H7334
kjohnson on DSK79L0C42PROD with BILLS

3 
HR 7334 RFS
filed not later than 10 years after the offense was 
1
committed.’’. 
2
(c) TARGETED EIDL ADVANCES.—Section 331 of 
3
the Economic Aid to Hard-Hit Small Businesses, Non-
4
profits, and Venues Act (15 U.S.C. 9009b) is amended 
5
by adding at the end the following new subsection: 
6
‘‘(i) STATUTE
OF LIMITATIONS.—Notwithstanding 
7
any other provision of law, any criminal charge or civil 
8
enforcement action alleging that a borrower engaged in 
9
fraud with respect to the use of any amount received pur-
10
suant to this section shall be filed not later than 10 years 
11
after the offense was committed.’’. 
12
Passed the House of Representatives June 8, 2022. 
Attest: 
CHERYL L. JOHNSON, 
Clerk. 
VerDate Sep 11 2014 
21:35 Jun 09, 2022
Jkt 029200
PO 00000
Frm 00003
Fmt 6652
Sfmt 6201
E:\BILLS\H7334.RFS
H7334
kjohnson on DSK79L0C42PROD with BILLS

File and source

File

BILLS-117hr7334rfs.pdf

Size

195,602 bytes

SHA-256

5b207cadeb93c6173fae96182d5acf9617bd0efb67ae545cee28b8b6d4e50d6e

Our copy

BILLS-117hr7334rfs.pdf

Original

www.govinfo.gov