What does Preamble of S 1199 do?

This bill, formally titled 'To extend the statute of limitations for fraud under certain pandemic programs, and for other purposes,' aims to extend the statute of limitations for fraud related to specific pandemic programs. The bill amends the Consolidated Appropriations Act, 2021, specifically section 324 concerning Shuttered Venue Operators, to establish a 10-year statute of limitations for criminal prosecution or civil enforcement actions related to fraud. It also amends the American Rescue Plan Act of 2021, specifically section 5003 concerning Restaurant Revitalization, to similarly establish a 10-year statute of limitations for fraud-related actions.

What does SHORT TITLE. of S 1199 do?

This bill is formally titled the SBA Fraud Enforcement Extension Act.

What does STATUTE OF LIMITATIONS FOR CERTAIN PROGRAMS. of S 1199 do?

This section amends several laws to establish a 10-year statute of limitations for criminal prosecutions and civil enforcement actions related to fraud involving grants or loans received under specific pandemic relief programs. The amendments apply to the Shuttered Venue Operators Grant Program, the Restaurant Revitalization Fund, Certain Economic Injury Disaster Loans, the Paycheck Protection Program, and Paycheck Protection Program Second Draw Loans. The specified offenses include violations of various sections of Title 18 of the United States Code (related to fraud and conspiracy) and Title 31 of the United States Code (related to financial crimes). The statute of limitations applies to fraud with respect to loans made under the Small Business Act in response to COVID-19 during the covered period as defined in section 1110(a) of the CARES Act.

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SBA Fraud Enforcement Extension Act — S. 1199

Last updated: 2/25/2026 · Introduced: 3/27/2025

Author: Joni Ernst (R-IA)

TL;DR (AI)

This bill extends the statute of limitations for fraud related to pandemic relief programs, including the Shuttered Venue Operators Grant Program and the Restaurant Revitalization Fund, to 10 years.
It applies this extended statute of limitations to fraud involving Economic Injury Disaster Loans, Paycheck Protection Program loans, and Second Draw loans.
The legislation covers offenses related to fraud and financial crimes under Title 18 and Title 31 of the United States Code, specifically concerning loans made under the Small Business Act in response to COVID-19.

119th Congressin committeeHR. 4495(Passed House)Official page

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Other Sections

Includes provisions on preamble, short title., and 1 more.

3 sections

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