PPP and Bank Fraud Enforcement Harmonization Act of 2022

Bill: 117-hr-7352
Sponsor: full_name: Rep. Velazquez, Nydia M. [D-NY-7]
Introduced: 2022-03-31
Policy area: Commerce
Subjects: Business expenses

Civil actions and liability

Fraud offenses and financial crimes

Government lending and loan guarantees

Small business

Wages and earnings
Latest action: action_date: 2022-08-05
text: Became Public Law No: 117-166.

Summaries:
action_date: 2022-03-31
action_desc: Introduced in House
text: <p><strong>PPP and Bank Fraud Enforcement Harmonization Act of 2022</strong></p> <p>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.</p>

action_date: 2022-05-17
action_desc: Reported to House
text: <p><strong>PPP and Bank Fraud Enforcement Harmonization Act of 2022</strong></p> <p>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.</p>

action_date: 2022-06-08
action_desc: Passed House
text: <p><strong>PPP and Bank Fraud Enforcement Harmonization Act of 2022</strong></p> <p>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.</p>

action_date: 2022-07-28
action_desc: Passed Senate
text: <p><strong>PPP and Bank Fraud Enforcement Harmonization Act of 2022</strong></p> <p>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.</p>

action_date: 2022-08-05
action_desc: Public Law
text: <p><strong>PPP and Bank Fraud Enforcement Harmonization Act of 2022</strong></p> <p>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.</p>

tv_txt: I 117th CONGRESS 2d Session H. R. 7352 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. Short title This Act may be cited as the PPP and Bank Fraud Enforcement Harmonization Act of 2022 . 2. 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. .

tv_txt: IB Union Calendar No. 246 117th CONGRESS 2d Session H. R. 7352 [Report No. 117–328] 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 May 17, 2022 Additional sponsors: Mr. Mfume , Ms. Davids of Kansas , and Ms. Van Duyne May 17, 2022 Reported from the Committee on Small Business ; committed to the Committee of the Whole House on the State of the Union and ordered to be printed 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. Short title This Act may be cited as the PPP and Bank Fraud Enforcement Harmonization Act of 2022 . 2. 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. .

May 17, 2022 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed

tv_txt: IB 117th CONGRESS 2d Session H. R. 7352 IN THE HOUSE OF REPRESENTATIVES 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.

1. Short title This Act may be cited as the PPP and Bank Fraud Enforcement Harmonization Act of 2022 . 2. 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. .

Passed the House of Representatives June 8, 2022. Cheryl L. Johnson, Clerk.

tv_txt: IIB 117th CONGRESS 2d Session H. R. 7352 IN THE SENATE OF THE UNITED STATES June 9, 2022 Received; read twice and referred to the Committee on Small Business and Entrepreneurship 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.

1. Short title This Act may be cited as the PPP and Bank Fraud Enforcement Harmonization Act of 2022 . 2. 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. .

Passed the House of Representatives June 8, 2022. Cheryl L. Johnson, Clerk.

tv_txt: IB One Hundred Seventeenth Congress of the United States of America At the Second Session Begun and held at the City of Washington on Monday, the third day of January, two thousand and twenty-two H. R. 7352 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.

1. Short title This Act may be cited as the PPP and Bank Fraud Enforcement Harmonization Act of 2022 . 2. 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. .

Speaker of the House of Representatives. Vice President of the United States and President of the Senate.