PPP and Bank Fraud Enforcement Harmonization Act of 2022
This bill establishes a 10-year statute of limitations for criminal charges and civil enforcement against a borrower who engages in fraud with respect to a Paycheck Protection Program loan.
[117th Congress Public Law 166]
[From the U.S. Government Publishing Office]



[[Page 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 by borrowers under the Paycheck Protection Program, and for other 
            purposes. <<NOTE: Aug. 5, 2022 -  [H.R. 7352]>> 

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled, <<NOTE: PPP and Bank 
Fraud Enforcement Harmonization Act of 2022.>> 
SECTION 1. <<NOTE: 15 USC 631 note.>> SHORT TITLE.

    This Act may be cited as the ``PPP and Bank Fraud Enforcement 
Harmonization Act of 2022''.
SEC. 2. <<NOTE: Deadlines.>> FRAUD ENFORCEMENT HARMONIZATION.

    (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.--
                Notwithstanding 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.--
                Notwithstanding 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.

                                  <all>
PPP and Bank Fraud Enforcement Harmonization Act of 2022
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.
PPP and Bank Fraud Enforcement Harmonization Act of 2022
PPP and Bank Fraud Enforcement Harmonization Act of 2022
PPP and Bank Fraud Enforcement Harmonization Act of 2022
Rep. Velazquez, Nydia M.