Sec. 18. Certification of notices and information
175 words·~1 min read·
/bill/115/s/2098/rs/section-18A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 721(n) of the Defense Production Act of 1950 ( 50 U.S.C. 4565(n) ) is amended— by redesignating paragraphs
(1)and
(2)as subparagraphs
(A)and (B), respectively, and by moving such subparagraphs, as so redesignated, 2 ems to the right; by striking Each notice and inserting the following: Each notice ; and by adding at the end the following: The Committee may not complete a review under this section of a covered transaction and may recommend to the President that the President suspend or prohibit the transaction or require divestment under subsection
(d)if the Committee determines that a party to the transaction has— failed to submit a statement required by paragraph (1); or included false or misleading information in a notice or information described in paragraph
(1)or omitted material information from such notice or information. The Committee shall prescribe regulations expressly providing for the application of section 1001 of title 18, United States Code, to all information provided to the Committee under this section by any party to a covered transaction. .