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Bills Signed: H.R. 7334 and H.R. 7352

Bills Signed: H.R. 7334 and H.R. 7352

On Friday, August 5, 2022, the President signed into law:

H.R. 7334, the “COVID–19 EIDL Fraud Statute of Limitations Act of 2022,” which establishes a ten-year statute of limitations for fraud by borrowers under the Small Business Administration’s COVID-19 Economic Injury Disaster Loan programs.

Thank you to Representatives Luetkemeyer, Velazquez, Davids, and Van Duyne.

H.R. 7352, the “PPP and Bank Fraud Enforcement Harmonization Act of 2022,” which establishes a ten-year statute of limitations for fraud by borrowers under the Small Business Administration’s Paycheck Protection Program.

Thank you to Representatives Velazquez, Luetkemeyer, Mfume, Davids, and Van Duyne.

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Source: White House

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