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.
July 28, considered and passed Senate.
DAILY COMPILATION OF PRESIDENTIAL DOCUMENTS (2022):
Aug. 5, Presidential remarks.
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