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Extension of Statute of Limitations for COVID-19 Business Loan Fraud

This new law extends the time limit for prosecuting fraud related to COVID-19 business loans and advances. Authorities now have 10 years, instead of a shorter period, to initiate criminal or civil proceedings against individuals who committed fraud when applying for these funds. The aim is to increase accountability for the dishonest use of public money.
Key points
The statute of limitations for COVID-19 business loan fraud has been extended to 10 years.
This change applies to both criminal charges and civil enforcement actions for fraud.
The extension aims to more effectively detect and punish dishonest practices in aid programs.
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VOTING RESULTS
2022-06-08
99%
For 416
Against 3
Abstain 0
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Additional Information
Print number: 117_HR_7334
Sponsor: Rep. Luetkemeyer, Blaine [R-MO-3]
Process start date: 2022-03-31
Voting date: 2022-06-08
Meeting no: 2
Voting no: 247