COVID-19 EIDL Fraud Statute of Limitations Act of 2022
PL 117-165 (H.R.7334), enacted 08/05/2022

[117th Congress Public Law 165]
[From the U.S. Government Publishing Office]


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Public Law 117-165
117th Congress

                                 An Act


 
   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. <<NOTE: Aug. 5, 
                         2022 -  [H.R. 7334]>> 

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled, <<NOTE: COVID-19 EIDL 
Fraud Statute of Limitations Act of 2022.>> 
SECTION 1. <<NOTE: 15 USC 9001 note.>>  SHORT TITLE.

    This Act may be cited as the ``COVID-19 EIDL Fraud Statute of 
Limitations Act of 2022''.
SEC. 2. <<NOTE: Deadlines.>>  EXTENSION OF STATUTE OF LIMITATIONS 
                    FOR CERTAIN COVID-19 ECONOMIC INJURY DISASTER 
                    LOAN PROGRAMS.

    (a) Certain Economic Injury Disaster Loans.--Section 7(b) of the 
Small Business Act (15 U.S.C. 636(b)) is amended by inserting after 
paragraph (15) the following new paragraph:
            ``(16) Statute of limitations.--Notwithstanding any other 
        provision of law, any criminal charge or civil enforcement 
        action alleging that a borrower engaged in fraud with respect to 
        a loan made under this subsection in response to COVID-19 during 
        the covered period (as defined in section 1110(a) of the CARES 
        Act) shall be filed not later than 10 years after the offense 
        was committed.''.

    (b) EIDL Advances.--Section 1110(e) of the CARES Act (15 U.S.C. 
9009(e)) is amended by adding at the end the following new paragraph:
            ``(9) Statute of limitations.--Notwithstanding any other 
        provision of law, any criminal charge or civil enforcement 
        action alleging that a borrower engaged in fraud with respect to 
        the use of an advance received under this subsection shall be 
        filed not later than 10 years after the offense was 
        committed.''.

    (c) Targeted EIDL Advances.--Section 331 of the Economic Aid to 
Hard-Hit Small Businesses, Nonprofits, and Venues Act (15 U.S.C. 9009b) 
is amended by adding at the end the following new subsection:
    ``(i) Statute of Limitations.--Notwithstanding any other provision 
of law, any criminal charge or civil enforcement action alleging that a 
borrower engaged in fraud with respect to the

[[Page 136 STAT. 1363]]

use of any amount received pursuant to this section shall be filed not 
later than 10 years after the offense was committed.''.

    Approved August 5, 2022.

LEGISLATIVE HISTORY--H.R. 7334:
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HOUSE REPORTS: No. 117-327 (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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