We have received text from H.R. 4495: SBA Fraud Enforcement Extension Act. This bill was received on 2025-07-17, and currently has 1 cosponsor.
Here is a short summary of the bill:
The SBA Fraud Enforcement Extension Act proposes to modify the time limits within which legal actions can be initiated against individuals or entities accused of fraud related to specific programs established during the COVID-19 pandemic. The key components of the bill are as follows:
1. Extension of Statute of Limitations
The bill extends the statute of limitations for prosecuting fraud related to two major pandemic relief programs:
- Shuttered Venue Operators Grant (SVOG): This program provided financial assistance to help eligible venues that were closed or had reduced operations due to the pandemic. Under the proposed amendments, any criminal or civil actions for violations connected to this grant can be initiated up to 10 years after the alleged violation or conspiracy took place.
- Restaurant Revitalization Fund (RRF): This program aimed to support restaurants and bars affected by the pandemic. Similar to the SVOG, the bill extends the time frame for legal actions related to this fund to also 10 years from the date of the alleged offense.
2. Legal Violations Covered
The bill specifies a list of legal violations that could be relevant for prosecutions and enforcement actions under these two programs. These include violations of various sections of the United States Code concerning fraud, conspiracy to commit fraud, and other related offenses.
3. Purpose of the Bill
The intent behind extending the statute of limitations is to provide law enforcement and regulatory agencies more time to investigate and prosecute potential fraud that may have occurred during the distribution of pandemic relief funds. This change acknowledges the complexities involved in uncovering fraudulent activities that may not come to light until years after the initial funding was disbursed.
Overall, the SBA Fraud Enforcement Extension Act aims to strengthen accountability and enhance the enforcement capabilities of agencies tasked with overseeing the use of pandemic-related financial aid.
Relevant Companies
None found.
Representative Troy Downing Bill Proposals
Here are some bills which have recently been proposed by Representative Troy Downing:
- H.R.4495: SBA Fraud Enforcement Extension Act
- H.R.3959: Protecting Private Job Creators Act
- H.R.3870: COAL POWER Act
- H.R.3318: SEC Modernization Act
- H.R.3141: CFPB Budget Integrity Act
- H.R.2708: Safeguarding American Property Act of 2025
You can track bills proposed by Representative Troy Downing on Quiver Quantitative's politician page for Downing.
Representative Troy Downing Net Worth
Quiver Quantitative estimates that Representative Troy Downing is worth $8.9M, as of July 19th, 2025. This is the 104th highest net worth in Congress, per our live estimates.
Downing has approximately $598.1K invested in publicly traded assets which Quiver is able to track live.
You can track Representative Troy Downing's net worth on Quiver Quantitative's politician page for Downing.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information.
