H.R. 7352: PPP and Bank Fraud Enforcement Harmonization Act of 2022

CBO Score

$500 thousand

Date of Report

Mon June 6th, 2022


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.

View the full vote history of this bill on GovTrack.us.

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