PPP & EIDL Fraud

Submitted by Anonymous (not verified) on Wed, 08/17/2022 - 19:06
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 The Journal of Accountancy has reported that President Biden signed two Bills, extending the statute of limitation for prosecuting PPP & EIDL fraud to 10 years from the date when the offense was committed.The bills are:H.R. 7352, the "PPP and Bank Fraud Enforcement Harmonization Act of 2022," and H.R. 7334, the "COVID-19 EIDL Fraud Statute of Limitations Act of 2022"A detailed article on these bills can be found at https://www.journalofaccountancy.com/news/2022/aug/bills-extend-statute-limitation-prosecuting-ppp-eidl-fraud.html
Jim Shenwick, Esq. [email protected] 212 541 6224