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Code · BILL · 119th Congress · S. 68 (Reported in Senate) — To prohibit the suspension of collections on loans made to small businesses related to COVID–19, and for other purposes. · Sec. 4

Sec. 4. Fraud enforcement harmonization

232 words·~1 min read·/bill/119/s/68/rs/section-4

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Section 4003 of the CARES Act ( 15 U.S.C. 9042 ) is amended by adding at the end the following: Notwithstanding any other provision of law, any criminal charge or civil enforcement action alleging that a business, State, or municipality engaged in fraud or similarly related crime with respect to any loan, loan guarantee, or other investment made under this section shall be filed not later than 10 years after the offense was committed. . Section 324 of division N of the Consolidated Appropriations Act, 2021 ( 15 U.S.C. 9009a ) is amended by adding at the end the following:
Notwithstanding any other provision of law, any criminal charge or civil enforcement action alleging that a business, State, or municipality an eligible person or entity engaged in fraud or similarly related crime with respect to any grant made under this section shall be filed not later than 10 years after the offense was committed. . Section 5003 of the American Rescue Plan Act of 2021 ( 15 U.S.C. 9009c ) is amended by adding at the end the following: Notwithstanding any other provision of law, any criminal charge or civil enforcement action alleging that a business, State, or municipality an eligible entity engaged in fraud or similarly related crime with respect to any grant made under this section shall be filed not later than 10 years after the offense was committed. .
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