H.R. 7352, PPP and Bank Fraud Enforcement Harmonization Act of 2022 (117th Congress)
Summary
H.R. 7352, the PPP and Bank Fraud Enforcement Harmonization Act of 2022, was introduced in the House of Representatives on March 31, 2022 by Ms. Velázquez for herself and Mr. Luetkemeyer and referred to the Committee on Small Business. It would amend the Small Business Act to extend the statute of limitations for fraud by borrowers under the Paycheck Protection Program. Any criminal charge or civil enforcement action alleging borrower fraud on a covered loan under section 7(a)(36), and on second draw loans under section 7(a)(37), would have to be filed not later than 10 years after the offense.
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- Issuer
- Congressional materials
- Document type
- 4303 2022 06 08 House Passes Seven Bipartisan Small Business Bills Att0
- Date
- 2022-06-08
- Case
- 4303 2022 06 08 House Passes Seven Bipartisan Small Business Bills Att0
Cite this document
“H.R. 7352, PPP and Bank Fraud Enforcement Harmonization Act of 2022 (117th Congress).”
Dated 2022-06-08. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2022-06-08-4303-2022-06-08-house-passes-seven-bipartisan-small-business-bills-att0/
, SHA-256 87ea82ffcfa42077aa625f19fa058ec2818c9dc8ab60da7e5d3a89e30175aec6.Full text
I
117TH CONGRESS
2D SESSION
H. R. 7352
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.
IN THE HOUSE OF REPRESENTATIVES
MARCH 31, 2022
Ms. VELÁZQUEZ (for herself and Mr. LUETKEMEYER) introduced the following
bill; which was referred to the Committee on Small Business
A BILL
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.
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 ‘‘PPP and Bank Fraud
5 Enforcement Harmonization Act of 2022’’.
6 SEC. 2. FRAUD ENFORCEMENT HARMONIZATION.
7 (a) PAYCHECK PROTECTION PROGRAM.—Section
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8 7(a)(36) of the Small Business Act (15 U.S.C.
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2
1 636(a)(36)) is amended by adding at the end the following
2 new subparagraph:
3 ‘‘(W) FRAUD ENFORCEMENT HARMONI-
4 ZATION.—Notwithstanding any other provision
5 of law, any criminal charge or civil enforcement
6 action alleging that a borrower engaged in
7 fraud with respect to a covered loan guaranteed
8 under this paragraph shall be filed not later
9 than 10 years after the offense was com-
10 mitted.’’.
11 (b) PAYCHECK PROTECTION PROGRAM SECOND
12 DRAW LOANS.—Section 7(a)(37) of the Small Business
13 Act (15 U.S.C. 636(a)(37)) is amended by adding at the
14 end the following new subparagraph:
15 ‘‘(P) FRAUD ENFORCEMENT HARMONI-
16 ZATION.—Notwithstanding any other provision
17 of law, any criminal charge or civil enforcement
18 action alleging that a borrower engaged in
19 fraud with respect to a covered loan guaranteed
20 under this paragraph shall be filed not later
21 than 10 years after the offense was com-
22 mitted.’’.
Æ
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•HR 7352 IH
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