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![handle is hein.congrecreports/crptxaekj0001 and id is 1 raw text is: AUTHENTICATED
U.S. GOVERNMENT
INFORMATION .
117TH CONGRESS REPORT
2d Session HOUSE OF REPRESENTATIVES 117-328
PPP AND BANK FRAUD ENFORCEMENT HARMONIZATION
ACT OF 2022
MAY 17, 2022.-Committed to the Committee of the Whole House on the State of
the Union and ordered to be printed
Ms. VELAZQUEZ, from the Committee on Small Business,
submitted the following
R E P O R T
[To accompany H.R. 7352]
The Committee on Small Business, to whom was referred the bill
(H.R. 7352) to amend the Small Business Act to extend the statute
of limitation for fraud by borrowers under the Paycheck Protection
Program, and for other purposes, having considered the same, re-
ports favorably thereon without amendment and recommends that
the bill do pass.
CONTENTS
Page
I. Purpose and Bill Sum m ary ......................................................................... 1
II. Background and Need for Legislation .......................................................... 2
III. Hearings ......................................................................................................... 3
IV. Committee Consideration .............................................................................. 3
V . C om m ittee V otes .......................................................................................... 3
VI. Section-by-Section for H .R. 7352 ................................................................. 4
VII. Congressional Budget Cost Estim ate ......................................................... 4
VIII. New Budget Authority, Entitlement Authority, and Tax Expenditures 4
IX. Committee Oversight Findings and Recommendations ............................. 4
X. Statement of General Performance Goals and Objectives ......................... 4
XI. Duplication of Federal Program s .................................................................. 4
XII. Congressional Earmarks, Limited Tax Benefits, and Limited Tariff Ben-
efits ....................................................................................................... ..... 5
XIII. Federal M andates Statem ent ....................................................................... 5
XIV. Federal Advisory Committee Statement ...................................................... 5
XV. Applicability to Legislative Branch .............................................................. 5
XVI. Changes in Existing Law Made by the Bill, as Reported ........................... 5
I. PURPOSE AND BILL SUMMARY
The purpose of H.R. 7352, the PPP and Bank Fraud Enforce-
ment Harmonization Act of 2022, is to establish a statute of limi-
29-006](ViewImageLocal?handle=hein.congrecreports/crptxaekj0001&div=1&collection=&method=preview&ext=.png&size=3)