Bill - COVID-19 EIDL Fraud Statute of Limitations Act of 2022 (Luetkemeyer, Velázquez)
Summary
This is a bill introduced in the House of Representatives, 117th Congress, 2d Session, by Mr. Luetkemeyer (for himself and Ms. Velázquez). Its stated purpose is to extend the statute of limitations for fraud by borrowers under certain COVID-19 economic injury disaster loan programs of the Small Business Administration. Section 1 gives the short title COVID-19 EIDL Fraud Statute of Limitations Act of 2022. Section 2 amends the Small Business Act and the CARES Act, and adds a subsection to section 331 of the Economic Aid to Hard-Hit Small Businesses Act, so that any criminal charge or civil enforcement action alleging borrower fraud shall be filed not later than 10 years after the offense was committed.
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- Issuer
- Congressional materials
- Document type
- 4238 2022 04 01 Chairwoman Vel Zquez Ranking Member Luetkemeyer In Att1
- Date
- 2022-04-01
- Case
- 4238 2022 04 01 Chairwoman Vel Zquez Ranking Member Luetkemeyer In Att1
Cite this document
“Bill - COVID-19 EIDL Fraud Statute of Limitations Act of 2022 (Luetkemeyer, Velázquez).”
Dated 2022-04-01. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2022-04-01-4238-2022-04-01-chairwoman-vel-zquez-ranking-member-luetkemeyer-in-att1/
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(Original Signature of Member)
H. R. ll
117TH CONGRESS
2D SESSION
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
Mr. LUETKEMEYER (for himself and Ms. VELÁZQUEZ) introduced the fol-
lowing bill; which was referred to the Committee on
lllllllllllllll
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
1 Be it enacted by the Senate and House of Representa-
2 tives of the United States of America in Congress assembled,
3 SECTION 1. SHORT TITLE.
4 This Act may be cited as the ‘‘COVID–19 EIDL
5 Fraud Statute of Limitations Act of 2022’’
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2
1 SEC. 2. EXTENSION OF STATUTE OF LIMITATIONS FOR CER-
2 TAIN COVID–19 ECONOMIC INJURY DISASTER
3 LOAN PROGRAMS.
4 (a) CERTAIN ECONOMIC INJURY DISASTER LOANS.—
5 Section 7(b) of the Small Business Act (15 U.S.C. 636(b))
6 is amended by inserting after paragraph (15) the following
7 new paragraph:
8 ‘‘(16) STATUTE OF LIMITATIONS.—Notwith-
9 standing any other provision of law, any criminal
10 charge or civil enforcement action alleging that a
11 borrower engaged in fraud with respect to a loan
12 made under this subsection in response to COVID–
13 19 during the covered period (as defined in section
14 1110(a) of the CARES Act) shall be filed not later
15 than 10 years after the offense was committed.’’.
16 (b) EIDL ADVANCES.—Section 1110(e) of the
17 CARES Act (15 U.S.C. 9009(e)) is amended by adding
18 at the end the following new paragraph:
19 ‘‘(9) STATUTE OF LIMITATIONS.—Notwith-
20 standing any other provision of law, any criminal
21 charge or civil enforcement action alleging that a
22 borrower engaged in fraud with respect to the use
23 of an advance received under this subsection shall be
24 filed not later than 10 years after the offense was
25 committed.’’.
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3
1 (c) TARGETED EIDL ADVANCES.—Section 331 of
2 the Economic Aid to Hard-Hit Small Businesses, Non-
3 profits, and Venues Act (15 U.S.C. 9009b) is amended
4 by adding at the end the following new subsection:
5 ‘‘(i) STATUTE OF LIMITATIONS.—Notwithstanding
6 any other provision of law, any criminal charge or civil
7 enforcement action alleging that a borrower engaged in
8 fraud with respect to the use of any amount received pur-
9 suant to this section shall be filed not later than 10 years
10 after the offense was committed.’’.
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