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Extending Statute of Limitations for PPP Loan Fraud

This new law extends the time the government has to pursue individuals who committed fraud under the Paycheck Protection Program (PPP). Instead of a shorter period, prosecutors and enforcement agencies now have 10 years from the date of the offense to file criminal charges or civil actions. This aims to increase accountability for the fraudulent use of public funds.
Key points
The time limit for prosecuting PPP loan fraud is extended to 10 years.
This change applies to both first and second draw PPP loans.
It means individuals who fraudulently obtained funds can be pursued for a longer period.
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VOTING RESULTS
2022-06-08
For 421
Against 0
Abstain 0
Full voting results open_in_new
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Status:
Became Law
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Additional Information
Print number: 117_HR_7352
Sponsor: Rep. Velazquez, Nydia M. [D-NY-7]
Process start date: 2022-03-31
Voting date: 2022-06-08
Meeting no: 2
Voting no: 246
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

PPP and Bank Fraud Enforcement Harmonization Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_7352.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-03-31.

What are the main provisions?

Key points include:

  • The time limit for prosecuting PPP loan fraud is extended to 10 years.
  • This change applies to both first and second draw PPP loans.
  • It means individuals who fraudulently obtained funds can be pursued for a longer period.
What is the specific legal status?

The current status is Became Law.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Where is the official voting record?

The official roll call vote is recorded at: voting record

Who is the primary sponsor?

The primary sponsor is Rep. Velazquez, Nydia M. [D-NY-7].

What is the latest detailed status?

The latest detailed status is: Became Public Law No: 117-166.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Courts and Law Economy