S1199Passed Senate

SBA Fraud Enforcement Extension Act

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Introduced
In Committee
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2025-03-27
Introduced
0
Cosponsors
S
ⓘ
Type

Sponsor

Joni Ernst
Joni Ernst
Republican · IA · Senator
Votes with party: 75.3% (839 recorded votes)

Full profile: /officials/E000295

Source: Congress.gov · FEC

Cosponsors (0)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

No cosponsors on record. Bills can pass without cosponsors — this often means the sponsor introduced the bill alone, either because it's a messaging bill, a chairman's mark, or simply early in the legislative cycle.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Held at the desk.

2026-05-04

Source: Congress.gov

Committee Activity

Previously

Plain-English Summary

This bill extends the Small Business Administration's authority to investigate and prosecute fraud cases involving small business loans and assistance programs, helping prevent misuse of federal funds meant to support entrepreneurs. The measure affects both the SBA's enforcement capabilities and small business owners by strengthening oversight of loan programs like those used during economic crises. By giving the SBA more time and resources to pursue fraudsters, the bill aims to protect legitimate small business owners and taxpayers from losses due to dishonest borrowers.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Subjects

Commerce

Full Bill Text

Verbatim text published on Congress.gov via GovInfo. Use Cmd+F / Ctrl+F to search within this excerpt.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 1199 Engrossed in Senate (ES)] <DOC> 119th CONGRESS 2d Session S. 1199 _______________________________________________________________________ AN ACT To extend the statute of limitations for fraud under certain pandemic programs, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``SBA Fraud Enforcement Extension Act''. SEC. 2. STATUTE OF LIMITATIONS FOR CERTAIN PROGRAMS. (a) Shuttered Venue Operators.--Section 324 of division N of the Consolidated Appropriations Act, 2021 (15 U.S.C. 9009a) is amended by adding at the end the following: ``(g) Statute of Limitations.--Notwithstanding any other provision of law, any criminal prosecution or civil enforcement action for a violation of, or conspiracy to violate, section 371, 641, 1001, 1028A, 1029, 1341, 1343, 1349, 1956, or 1957 of title 18, United States Code, or section 3729 or 3802 of title 31, United States Code, with respect to any grant for shuttered venue operators under this section shall be filed not later than 10 years after the date of the violation or conspiracy.''. (b) Restaurant Revitalization.--Section 5003 of the American Rescue Plan Act of 2021 (15 U.S.C. 9009c) is amended by adding at the end the following: ``(d) Statute of Limitations.--Notwithstanding any other provision of law, any criminal prosecution or civil enforcement action for a violation of, or conspiracy to violate, section 371, 641, 1001, 1028A, 1029, 1341, 1343, 1349, 1956, or 1957 of title 18, United States Code, or section 3729 or 3802 of title 31, United States Code, with respect to any restaurant revitalization grant under this section shall be filed not later than 10 years after the date of the violation or conspiracy.''. (c) Requirement.--Not later than 90 days after the date of enactment of this Act, and every 90 days thereafter until the date that is 5 years after the date of enactment of this Act, the Attorney General shall submit to Congress a report on activities of the Department of Justice relating to the shuttered venue operators program under section 324 of division N of the Consolidated Appropriations Act, 2021 (15 U.S.C. 9009a) and the restaurant revitalization program under section 5003 of the American Rescue Plan Act of 2021 (15 U.S.C. 9009c), which shall include-- (1) the total number of investigations initiated, the total number of prosecutions initiated, the total dollar amount recovered by prosecutions, and the total number of referrals and source of such referrals; and (2) with respect to such programs-- (A) the number of investigations initiated, the number of prosecutions initiated, and the disposition of each prosecution; (B) the number of prosecutions and the number of investigations of applicants of such programs in each State and territory based on the address listed on the application of the entity that is the subject of an investigation or prosecution; (C) the number of referrals-- (i) from the Department of Justice; and (ii) from sources other than the Department of Justice, such as the Inspector General of another agency; and (D) the disposition of each referral described in subparagraph (C), specifically whether the referral resulted in prosecution or declination. Passed the Senate April 29, 2026. Attest: Secretary. 119th CONGRESS 2d Session S. 1199 _______________________________________________________________________ AN ACT To extend the statute of limitations for fraud under certain pandemic programs, and for other purposes.
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