President Joe Biden is ensuring that those that have dedicated fraud underneath packages that had been began to convey reduction for companies throughout the pandemic face the results for his or her actions.
In accordance with CNN, on Friday, Biden signed two bipartisan payments that will likely be directed at holding these accountable for committing fraud via the Paycheck Safety Program or Covid-19 Financial Harm Catastrophe Mortgage Program. The 2 legal guidelines will elongate the time-frame prosecutors must prosecute people who dedicated fraud via these packages.
In the course of 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 many who have dedicated fraud and stated,
“My message to these cheats out there may be this: You may’t cover. We’re going to seek out you. We’re going to make you pay again what you stole and maintain you accountable underneath the regulation.”
Biden additionally shared that the Trump administration didn’t be sure that the reduction from the packages went to the precise companies.
“Not solely did the Trump administration let the largest companies with the groups of legal professionals and accountants to the entrance of the road, my predecessor undermined the watchdogs who had been purported to be on the job to ensure reduction went to the mother and pop companies that had been purported 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 reduction packages accountable. https://t.co/nWDHD1czzc
— President Biden (@POTUS) August 5, 2022
Need updates immediately in your textual content inbox? Hit us up at 917-722-8057 or click on right here to hitch!
TSR STAFF: Jade Ashley @Jade_Ashley94