H.R. 7334: COVID-19 EIDL Fraud Statute of Limitations Act of 2022
CBO Score
$500 thousand
Documentation
Date of Report
Mon June 6th, 2022
Notes
The bill would increase revenues from criminal penalties by more than $500,000, beginning in 2026. Those penalties would be spent from the Crime Victims Fund, increasing direct spending by more than $500,000 beginning in 2026.
CBO Report Details
Legislation Details
117th Congress
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.
Sponsor: Rep. Blaine Luetkemeyer — R — MO
Establishes a 10-year statute of limitations for criminal charges and civil enforcement against a borrower who engages in fraud with respect to certain COVID-19 economic injury disaster loan programs.
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