The SSBCI statute, 12 U.S.C. 5708(c), provides that Treasury’s authorities to implement and administer the SSBCI Capital Program terminate seven years after the enactment of the American Rescue Plan Act of 2021, which was enacted March 11, 2021. Therefore, under current law, all disbursement, technical support, and other program actions performed by Treasury will cease on March 11, 2028.
The expiration of Treasury’s authorities under the SSBCI statute does not affect any authorities that may continue to exist under other applicable law, such as laws related to the collection of debts or investigation of waste, fraud, and abuse and any associated remedies available to federal or state auditors or investigatory bodies.