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Committee approves extension of fraud statute of limitations for two COVID‑era SBA programs (HR 4495)
Summary
HR 4,495 would extend the statute of limitations for fraud involving the Restaurant Revitalization Fund and the Shuttered Venue Operators Grant from five to ten years; the committee voted to report the bill favorably, later recorded 23‑0.
The House Committee on Small Business voted to report HR 4,495, the SBA Fraud Enforcement Extension Act, which would extend the statute of limitations for fraud relating to two pandemic‑era SBA programs — the Restaurant Revitalization Fund (RRF) and the Shuttered Venue Operators Grant (SVOG) — from five to ten years.
Sponsor Representative Downing said the measure is necessary because the programs distributed large sums during the COVID‑19 pandemic and "if Congress doesn't act, law enforcement will not be able to investigate and prosecute…
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