The SBA Fraud Enforcement Extension Act extends the statute of limitations for prosecuting fraud in two major pandemic relief programs to 10 years from the date of the violation. The bill specifically covers fraud cases involving the Shuttered Venue Operators Grant Program, which provided aid to entertainment venues during COVID-19, and the Restaurant Revitalization Fund, which helped struggling restaurants during the pandemic. This extended timeframe applies to various federal crimes including wire fraud, mail fraud, money laundering, and filing false claims against the government. The legislation also requires the Attorney General to submit detailed reports to Congress every 90 days for five years, documenting the Department of Justice's enforcement activities, including the number of investigations, prosecutions, and dollar amounts recovered from these fraud cases. The bill aims to give federal prosecutors more time to investigate and pursue complex fraud schemes that may have taken advantage of these emergency pandemic relief programs.
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