Press Release: Bills Signed: H.R. 7334 and H.R. 7352

The White House Logo FOR IMMEDIATE RELEASE August 5, 2022 On Friday, August 5, 2022, the President signed into law: H.R. 7334, the "COVID19 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. ###