Engrossed (House passed) — PPP and Bank Fraud Enforcement Harmonization Act of 2022

Record facts

Summary

The engrossed House-passed text of H. R. 7352, the PPP and Bank Fraud Enforcement Harmonization Act of 2022, from the 117th Congress, 2d Session, which the House of Representatives passed on June 8, 2022. The act amends the Small Business Act to extend the statute of limitation for fraud by borrowers under the Paycheck Protection Program. Section 2 adds a new subparagraph (W) to section 7(a)(36) (15 U.S.C. 636(a)(36)) and a new subparagraph (P) to section 7(a)(37) (15 U.S.C. 636(a)(37)), covering second draw loans. Each provision states that any criminal charge or civil enforcement action alleging borrower fraud on a covered loan shall be filed not later than 10 years after the offense was committed. The bill has two sections and closes with the Clerk's attestation.

Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used

Full text

117TH CONGRESS 
2D SESSION 
H. R. 7352 
AN ACT 
To amend the Small Business Act to extend the statute 
of limitation for fraud by borrowers under the Paycheck 
Protection Program, 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

2 
•HR 7352 EH
SECTION 1. SHORT TITLE. 
1
This Act may be cited as the ‘‘PPP and Bank Fraud 
2
Enforcement Harmonization Act of 2022’’. 
3
SEC. 2. FRAUD ENFORCEMENT HARMONIZATION. 
4
(a) PAYCHECK
PROTECTION
PROGRAM.—Section 
5
7(a)(36) of the Small Business Act (15 U.S.C. 
6
636(a)(36)) is amended by adding at the end the following 
7
new subparagraph: 
8
‘‘(W) FRAUD
ENFORCEMENT
HARMONI-
9
ZATION.—Notwithstanding any other provision 
10
of law, any criminal charge or civil enforcement 
11
action alleging that a borrower engaged in 
12
fraud with respect to a covered loan guaranteed 
13
under this paragraph shall be filed not later 
14
than 10 years after the offense was com-
15
mitted.’’. 
16
(b) PAYCHECK
PROTECTION
PROGRAM
SECOND 
17
DRAW LOANS.—Section 7(a)(37) of the Small Business 
18
Act (15 U.S.C. 636(a)(37)) is amended by adding at the 
19
end the following new subparagraph: 
20
‘‘(P) FRAUD
ENFORCEMENT
HARMONI-
21
ZATION.—Notwithstanding any other provision 
22
of law, any criminal charge or civil enforcement 
23
action alleging that a borrower engaged in 
24
fraud with respect to a covered loan guaranteed 
25
under this paragraph shall be filed not later 
26

3 
•HR 7352 EH
than 10 years after the offense was com-
1
mitted.’’. 
2
Passed the House of Representatives June 8, 2022. 
Attest: 
Clerk. 

117TH CONGRESS 
2D SESSION 
H. R. 7352 
AN ACT 
To amend the Small Business Act to extend the 
statute of limitation for fraud by borrowers 
under the Paycheck Protection Program, and for 
other purposes.

File and source

File

BILLS-117hr7352eh.pdf

Size

109,898 bytes

SHA-256

6ea1c9635a35ad44f17cd78a73bb0e44b54c061e3c5cee01822d1347841a13f7

Our copy

BILLS-117hr7352eh.pdf

Original

www.govinfo.gov