President Joe Biden signed into law two bipartisan bills on Friday aimed at holding accountable individuals who commit fraud under pandemic relief programs.
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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