H.R. 7334 — COVID-19 EIDL Fraud Statute of Limitations Act of 2022 (117th Congress, introduced bill)
Summary
H.R. 7334, the COVID-19 EIDL Fraud Statute of Limitations Act of 2022, was introduced in the House on March 31, 2022 by Mr. Luetkemeyer, for himself and Ms. Velázquez, and referred to the Committee on Small Business. It would require any criminal charge or civil enforcement action alleging that a borrower engaged in fraud on a COVID-19 economic injury disaster loan to be filed not later than 10 years after the offense was committed. Section 2 writes that limit into three places: a new paragraph (16) of section 7(b) of the Small Business Act (15 U.S.C. 636(b)) for loans made during the covered period, a new paragraph (9) of section 1110(e) of the CARES Act (15 U.S.C. 9009(e)) for EIDL advances, and a new subsection (i) of section 331 (15 U.S.C. 9009b) for targeted EIDL advances.
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- Issuer
- Congressional materials
- Document type
- 4303 2022 06 08 House Passes Seven Bipartisan Small Business Bills Att1
- Date
- 2022-06-08
- Case
- 4303 2022 06 08 House Passes Seven Bipartisan Small Business Bills Att1
Cite this document
“H.R. 7334 — COVID-19 EIDL Fraud Statute of Limitations Act of 2022 (117th Congress, introduced bill).”
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-att1/
, SHA-256 58370edc948353eb6cd173f8bd89a7b636091121b3691b27fe68254d2f94db41.Full text
I
117TH CONGRESS
2D SESSION
H. R. 7334
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
MARCH 31, 2022
Mr. LUETKEMEYER (for himself and Ms. VELÁZQUEZ) introduced the
following bill; which was referred to the Committee on Small Business
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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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
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25 committed.’’.
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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.’’.
Æ
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