136 Stat. 1365 (Pub. L. 117-166, PPP and Bank Fraud Enforcement Harmonization Act of 2022)
Summary
Public Law 117–166, the PPP and Bank Fraud Enforcement Harmonization Act of 2022, an Act of the 117th Congress approved August 5, 2022 (H.R. 7352) and printed at 136 STAT. 1365. It adds subparagraph (W) to section 7(a)(36) of the Small Business Act, the paycheck protection program, and subparagraph (P) to section 7(a)(37), the second draw loans. Under both, any criminal charge or civil enforcement action alleging that a borrower engaged in fraud with respect to a covered loan shall be filed not later than 10 years after the offense was committed. The legislative history lists House report No. 117–328 (Comm. on Small Business) and Senate passage on July 28.
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“136 Stat. 1365 (Pub. L. 117-166, PPP and Bank Fraud Enforcement Harmonization Act of 2022).”
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PUBLIC LAW 117–166—AUG. 5, 2022 136 STAT. 1365
Public Law 117–166
117th Congress
An Act
To amend the Small Business Act to extend the statute of limitation for fraud Aug. 5, 2022
by borrowers under the Paycheck Protection Program, and for other purposes. [H.R. 7352]
Be it enacted by the Senate and House of Representatives of
the United States of America in Congress assembled, PPP and Bank
Fraud
SECTION 1. SHORT TITLE. Enforcement
Harmonization
This Act may be cited as the ‘‘PPP and Bank Fraud Enforce- Act of 2022.
ment Harmonization Act of 2022’’. 15 USC 631 note.
SEC. 2. FRAUD ENFORCEMENT HARMONIZATION. Deadlines.
(a) PAYCHECK PROTECTION PROGRAM.—Section 7(a)(36) of the
Small Business Act (15 U.S.C. 636(a)(36)) is amended by adding
at the end the following new subparagraph:
‘‘(W) FRAUD ENFORCEMENT HARMONIZATION.—Notwith-
standing any other provision of law, any criminal charge
or civil enforcement action alleging that a borrower engaged
in fraud with respect to a covered loan guaranteed under
this paragraph shall be filed not later than 10 years after
the offense was committed.’’.
(b) PAYCHECK PROTECTION PROGRAM SECOND DRAW LOANS.—
Section 7(a)(37) of the Small Business Act (15 U.S.C. 636(a)(37))
is amended by adding at the end the following new subparagraph:
‘‘(P) FRAUD ENFORCEMENT HARMONIZATION.—Notwith-
standing any other provision of law, any criminal charge
or civil enforcement action alleging that a borrower engaged
in fraud with respect to a covered loan guaranteed under
this paragraph shall be filed not later than 10 years after
the offense was committed.’’.
Approved August 5, 2022.
LEGISLATIVE HISTORY—H.R. 7352:
HOUSE REPORTS: No. 117–328 (Comm. on Small Business).
CONGRESSIONAL RECORD, Vol. 168 (2022):
June 7, 8, considered and passed House.
whamilton on LAP1Z6H6L3PROD with STATUTES
July 28, considered and passed Senate.
DAILY COMPILATION OF PRESIDENTIAL DOCUMENTS (2022):
Aug. 5, Presidential remarks.
VerDate Sep 11 2014 10:33 Oct 01, 2025 Jkt 029194 PO 00000 Frm 00001 Fmt 6580 Sfmt 6580 G:\STATUTES\2022\PART 2\29194PT2.001 29194PT2
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