BGOV Bill Summary: H.R. 7334, Small Business Disaster Loan Fraud

Prosecutors would have as long as 10 years after an offense to file criminal charges or civil enforcement actions against recipients of small-business disaster aid during the Covid-19 pandemic under H.R. 7334.

The Small Business Administration’s Economic Injury Disaster Loan (EIDL) program was expanded by a March 2020 Covid-19 relief package (Public Law 116-136; see BGOV Bill Summary) to offer loans for additional businesses and individuals affected by the pandemic and make advance payments to eligible recipients. The advance payments were expanded by a March 2021 pandemic relief package enacted through budget reconciliation (Public Law ...