President Joe Biden is ensuring that those that have dedicated fraud underneath applications that have been began to deliver aid for companies throughout the pandemic face the implications for his or her actions.
In response to CNN, on Friday, Biden signed two bipartisan payments that shall be directed at holding these accountable for committing fraud by means of the Paycheck Safety Program or Covid-19 Financial Damage Catastrophe Mortgage Program. The 2 legal guidelines will elongate the time-frame prosecutors need to prosecute people who dedicated fraud by means of these applications.
Throughout the signing occasion for the 2 payments, Biden expressed that it was “important to increase the statute of limitations for sure pandemic fraud … to 10 years to ensure fraudsters can’t run out the clock.”
Biden continued to share a message for individuals who have dedicated fraud and stated,
“My message to these cheats out there may be this: You may’t cover. We’re going to search out you. We’re going to make you pay again what you stole and maintain you accountable underneath the legislation.”
Biden additionally shared that the Trump administration did not make it possible for the aid from the applications went to the suitable companies.
“Not solely did the Trump administration let the largest companies with the groups of attorneys and accountants to the entrance of the road, my predecessor undermined the watchdogs who have been presupposed to be on the job to ensure aid went to the mother and pop companies that have been presupposed to get within the first place,” he stated.
Tune in as I signal two bipartisan payments that may maintain those that commit fraud underneath COVID-19 small enterprise aid applications accountable. https://t.co/nWDHD1czzc
— President Biden (@POTUS) August 5, 2022
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TSR STAFF: Jade Ashley @Jade_Ashley94