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

Summary

The enrolled text of H.R. 7334, the COVID–19 EIDL Fraud Statute of Limitations Act of 2022, an Act of the One Hundred Seventeenth Congress at the second session, dated August 5, 2022 in the page record. Section 2 amends section 7(b) of the Small Business Act (15 U.S.C. 636(b)) so that any criminal charge or civil enforcement action alleging borrower fraud on a COVID–19 economic injury disaster loan made during the covered period shall be filed not later than 10 years after the offense was committed. It applies the same limit to EIDL advances under section 1110(e) of the CARES Act (15 U.S.C. 9009(e)). It also applies the limit to targeted EIDL advances under section 331 of the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (15 U.S.C. 9009b). The text closes with signature lines for the Speaker of the House and the Vice President.

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Full text

H. R. 7334 
One Hundred Seventeenth Congress 
of the 
United States of America 
AT THE SECOND SESSION 
Begun and held at the City of Washington on Monday, 
the third day of January, two thousand and twenty-two 
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 Representatives of 
the United States of America in Congress assembled, 
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) CERTAIN ECONOMIC INJURY DISASTER LOANS.—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: 
‘‘(16) STATUTE OF LIMITATIONS.—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.’’. 
(b) EIDL ADVANCES.—Section 1110(e) of the CARES Act (15 
U.S.C. 9009(e)) is amended by adding at the end the following 
new paragraph: 
‘‘(9) STATUTE OF LIMITATIONS.—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 com-
mitted.’’. 
(c) TARGETED EIDL ADVANCES.—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: 
‘‘(i) STATUTE
OF
LIMITATIONS.—Notwithstanding any other 
provision of law, any criminal charge or civil enforcement action 
alleging that a borrower engaged in fraud with respect to the 

H. R. 7334—2 
use of any amount received pursuant to this section shall be filed 
not later than 10 years after the offense was committed.’’. 
Speaker of the House of Representatives. 
Vice President of the United States and
President of the Senate.

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