SBA Fraud Enforcement Extension Act
Summary
The SBA Fraud Enforcement Extension Act aims to extend the statute of limitations for prosecuting fraud related to certain pandemic relief programs. These programs include the Shuttered Venue Operators Grant, Restaurant Revitalization Fund, Economic Injury Disaster Loans, and Paycheck Protection Program. The bill extends the statute of limitations to 10 years after the violation or conspiracy for criminal prosecutions or civil enforcement actions.
Expected Effects
The primary effect will be to provide the government with more time to investigate and prosecute fraud related to pandemic relief programs. This could lead to more successful prosecutions and recovery of fraudulently obtained funds. It also creates a longer period of uncertainty for recipients of these funds.
Potential Benefits
- Increased ability to prosecute fraud related to pandemic relief programs.
- Potential recovery of fraudulently obtained funds.
- May deter future fraudulent activities related to government programs.
- Strengthened enforcement of laws related to government assistance.
- Could lead to greater public trust in government programs.
Potential Disadvantages
- Increased burden on the justice system due to potentially more investigations and prosecutions.
- Prolonged uncertainty for recipients of pandemic relief funds.
- Potential for overzealous prosecution of minor offenses.
- Increased costs associated with investigations and prosecutions.
- Could disproportionately affect small businesses and individuals.
Constitutional Alignment
The bill appears to align with the Constitution, particularly Article I, Section 8, which grants Congress the power to enact laws necessary and proper for carrying out its enumerated powers, including providing for the general welfare. The extension of the statute of limitations is intended to ensure that those who defrauded government programs are held accountable, which aligns with the principle of justice. However, the potential for overzealous prosecution could raise concerns related to due process under the Fifth Amendment.
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).