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Code · STATUTE-COMPILATIONS · PPP and Bank Fraud Enforcement Harmonization Act of 2022 · Sec. 2

Sec. 2. FRAUD ENFORCEMENT HARMONIZATION

169 words·~1 min read·/statute-compilations/comps-16988/sec-2

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## SEC. 2 FRAUD ENFORCEMENT HARMONIZATION ###
(a)Paycheck Protection Program Section 7(a)(36) of the Small Business Act (15 U.S.C. 636(a)(36)) is amended by adding at the end the following new subparagraph: > > ##### “(W) Fraud enforcement harmonization > > Notwithstanding any other provision of law, any criminal charge or civil enforcement action alleging that a borrower engaged in fraud with respect to a covered loan guaranteed under this paragraph shall be filed not later than 10 years after the offense was committed.” > . ###
(b)Paycheck Protection Program Second Draw Loans Section 7(a)(37) of the Small Business Act (15 U.S.C. 636(a)(37)) is amended by adding at the end the following new subparagraph: > > ##### “(P) Fraud enforcement harmonization > > Notwithstanding any other provision of law, any criminal charge or civil enforcement action alleging that a borrower engaged in fraud with respect to a covered loan guaranteed under this paragraph shall be filed not later than 10 years after the offense was committed.” > .
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Sec. 2
FRAUD ENFORCEMENT HARMONIZATION
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