Biden signs bills tackling Covid relief fraud into law

President Joe Biden signs two bills aimed at combating fraud in the Covid-19 small business relief programs on August 5 at the White House in Washington.

President Joe Biden signed into law two bipartisan bills on Friday aimed at holding accountable individuals who commit fraud under pandemic relief programs.

The two new laws will extend the time period prosecutors have to prosecute individuals who committed fraud through the Paycheck Protection Program or Covid-19 Economic Injury Disaster Loan program, extending the statute of limitations for criminal and civil enforcement against a borrower to 10 years.

CNN's Evan Perez and Sean Lyngaas contributed to this report.

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