SBA Fraud Enforcement Extension Act

Bill 119 s 1199, also known as the Fraud Statute of Limitations Extension Act, is a proposed piece of legislation in the US Congress. The main purpose of this bill is to extend the statute of limitations for fraud under certain pandemic programs. This means that individuals who commit fraud related to pandemic relief programs would have a longer period of time in which they could be prosecuted for their actions.

In addition to extending the statute of limitations for fraud, the bill also includes provisions for other purposes. These additional purposes are not specified in the bill itself, but could potentially include measures to strengthen oversight and enforcement of pandemic relief programs, as well as to provide additional resources for investigating and prosecuting fraud.

Overall, the Fraud Statute of Limitations Extension Act is aimed at addressing concerns about fraud and abuse in pandemic relief programs, and ensuring that those who engage in fraudulent activities are held accountable for their actions. The bill is currently being considered by Congress and may undergo further revisions before potentially being passed into law.