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Troy Downing: “The statute of limitations for prosecuting fraud for SBA's…”

Featuring: Troy Downing, Republican | U.S. House Montana, 2nd Congressional District

Troy Downing Calls For Assistance For Businesses 'Disproportionately Harmed By Lockdown Policy'

Published August 10, 2025 | Video Starts at 01:18

This level of fraud undermines the integrity of the sba. It is essential that we track these criminal fraudsters down and hold them accountable. Notably, The statute of limitations for prosecuting fraud for SBA's Restaurant Revitalization Fund and the Shuttered Venue Operators Grant is set to expire in December. If Congress doesn't act, law enforcement will not be able to investigate and prosecute these crimes. This is why I introduced HR4495, the SBA fraud Enforcement Extension Act. (01:18–01:29)

CLAIM

Asserts that the statute of limitations for prosecuting fraud in specific SBA programs will expire in December.

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Troy Downing

“SBA provided over $1.2 trillion in emergency loans and grants to small businesses [during the coronavirus pandemic].”
Troy Downing Calls For Assistance For Businesses 'Disproportionately Harmed By Lockdown Policy' | Uploaded August 10, 2025 | 00:18-00:26
“SBA distributed over $200 billion in potentially fraudulent funds in its Covid era programs.”
Troy Downing Calls For Assistance For Businesses 'Disproportionately Harmed By Lockdown Policy' | Uploaded August 10, 2025 | 01:02-01:09
“HR4495, the SBA Fraud Enforcement Extension Act...extends the statute of limitations from 5 years to 10 years for fraud with respect to…”
Troy Downing Calls For Assistance For Businesses 'Disproportionately Harmed By Lockdown Policy' | Uploaded August 10, 2025 | 01:36-01:50
“It will establish parity with the statute of limitations for fraud for other SBA Covid era programs like the Paycheck Protection Program and…”
Troy Downing Calls For Assistance For Businesses 'Disproportionately Harmed By Lockdown Policy' | Uploaded August 10, 2025 | 01:57-02:08