Chairperson Joe Biden ensure that those who have committed fraud under programs that have been started to bail out businesses during the pandemic face consequences for their actions.
Based on CNN, on Friday, Biden signed two bipartisan bills that would aim to hold people responsible for fraud through the Paycheck Protection Program or the Covid Economic Injury Disaster Loan Program- 19. The two laws would extend the time frame in which prosecutors must prosecute individuals who commit fraud through those programs.
During the signing event of the two bills, Biden expressed that “it is essential to extend the statute of limitations on certain pandemic fraud… to 10 years to ensure fraudsters can’t run out of time.” .
Biden went on to share a message for those who cheated and said,
“My message to the scammers out there is: You can’t hide. We will find you. We will ask you to return what you have stolen and hold you accountable to the law. “
Biden also shared that the Trump administration has failed to ensure that the relief from the programs reaches the right businesses.
“The Trump administration not only put the biggest businesses with lawyers and accountants first, my predecessor sabotaged the watchdogs who were supposed to be doing this job to make sure Guarantee relief to parent businesses and pop businesses. should have taken first place,” he said.
Watch as I sign two bipartisan bills that will hold those who cheat under the COVID-19 small business relief program. https://t.co/nWDHD1czzc
– President Biden (@POTUS) August 5, 2022
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