H.R. 7352: PPP and Bank Fraud Enforcement Harmonization 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 amend the Small Business Act to extend the statute of limitation for fraud by borrowers under the Paycheck Protection Program, and for other purposes.
Sponsor: Rep. Nydia Velázquez — D — NY
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.
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