The two new laws will extend the time period prosecutors have to prosecute individuals who committed fraud through the Paycheck Protection Program or Covid-19 Economic Injury Disaster Loan program, extending the statute of limitations for criminal and civil enforcement against a borrower to 10 years.
During a signing event held on the balcony of the White House on Friday, Biden underscored that it was “essential to extend the statute of limitations for certain pandemic fraud … to 10 years to make sure
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