US SB1199

Extends the statute of limitations from 5 years to 10 years for criminal prosecutions and civil enforcement actions related to fraud in COVID-19 pandemic relief programs administered by the Small Business Administration

Covers fraud involving Shuttered Venue Operators grants, Restaurant Revitalization grants, Economic Injury Disaster Loans (EIDL), Paycheck Protection Program (PPP) loans, and PPP Second Draw loans

Applies to violations of multiple federal criminal statutes including conspiracy, theft of government funds, identity fraud, wire fraud, mail fraud, bank fraud, and money laundering (18 U.S.C. sections 371, 641, 1001, 1028A, 1029, 1341, 1343, 1349, 1956, 1957)

Also extends the limitations period for civil False Claims Act violations (31 U.S.C. sections 3729 and 3802) related to these pandemic programs

Introduced by Senator Ernst on March 27, 2025, and reported out of the Senate Committee on Small Business and Entrepreneurship with amendments on July 30, 2025