Recover Fraudulent COVID Funds ActThis bill extends the statute of limitations (i.e., time limit for bringing a legal action) to 10 years for criminal and civil violations involving specified COVID-19 pandemic relief programs, such as violations involving fraudulent activity. Under current law, the statute of limitations is generally five years for violations concerning these pandemic-era programs. The Paycheck Protection Program and the Economic Injury Disaster Loan Program currently have 10-year statutes of limitations relating to program fraud.
No Retaining Every Gun In a System That Restricts Your Rights ActThis bill modifies the retention requirements for firearm transaction records of federal firearms licensees (FFLs) that go out of business.Current law generally requires FFLs that go out of business to deliver their firearm transaction records to the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF).This bill removes the requirement for FFLs that go out of business to deliver their firearm transaction records to the ATF. Further, the bill requires the ATF to destroy all out-of-business records it has collected from FFLs.