Page:United States Statutes at Large Volume 56 Part 1.djvu/383

 77TH CONG., 2D SESS.-CH. 404 -JUNE 11, 1942 of influencing in any way the action of the Corporation, or for the purpose of obtaining money, property, or anything of value, under this Act, shall be punished by a fine of not more than $5,000 or by imprisonment for not more than two years, or both. (2) Whoever, being connected in any capacity with the Corpora- tion, (1) embezzles, abstracts, purloins, or willfully misapplies any moneys, funds, securities, or other things of value, whether belonging to it or pledged or otherwise entrusted to it, or (2) with intent to defraud the Corporation or any other body politic or corporate, or any individual, or to deceive any officer, auditor, or examiner of the Corporation, makes any false entry in any book, report, or statement of or to the Corporation, or, without being duly authorized, draws any order or issues, puts forth, or assigns any note, debenture, bond, or other obligation, or draft, bill of exchange, mortgage, judgment, or decree thereof, or (3) with intent to defraud participates, shares, receives directly or indirectly any money, profit, property, or benefit through any transaction, loan, commission, contract, or any other act of the Corporation, or (4) gives any unauthorized information con- cerning any future action or plan of the Corporation which might affect the value of securities, or, having such knowledge, invests or speculates, directly or indirectly, in the securities or property of any company or corporation receiving loans or other assistance from the Corporation, shall be punished by a fine of not more than $10,000 or by imprisonment for not more than five years, or both. (3) The provisions of sections 112, 113, 114, 115, 116, and 117 of the Criminal Code of the United States (U. S . C., title 18, ch. 5, secs. 202 to 207, inclusive), insofar as applicable, are extended to apply to contracts or agreements with the Corporation under this Act. SEC. 5. The Chairman of the War Production Board shall make a report every sixty days of his operations under this Act to the Presi- dent, the President of the Senate, and the Speaker of the House of Representatives. Such report shall include the names of the business concerns to whom contracts are let, and for whom financing is arranged, by the Corporation, together with the amounts involved, and such report shall include such other information, and such com- ments and recommendations, with respect to the relation of small business concerns to the war effort, as the Chairman may deem appropriate. SEC. 6. Whenever the Smaller War Plants Corporation has com- pleted any transaction under clause (1), (2), or (3) of subsection (f) of section 4 of this Act, it shall transfer the loan, advance, plant, equipment, facilities, machinery, materials, supplies, leases, or other property resulting from such transaction to the Defense Plants Cor- poration, and the Defense Plants Corporation shall service and administer such loan, advance, or property, as the agent of the Smaller War Plants Corporation, remitting to the Smaller War Plants Corporation any interest, principal, or other proceeds or collections, after deducting its actual expense of service and administration. SEC. 7. The War Department, the Navy Department. and the Mari- time Commission are hereby authorized to make or participate in loans, guaranties, and commitments in accordance with Executive Order Numbered 9112 of March 26, 1942, and to participate in or to guarantee any loans made pursuant to this Act with a view to increasing the production of war materials, supplies, or equipment; and in connection therewith they may use any funds heretofore or hereafter made available to them for purposes of procuring war materials, supplies, and equipment, or of expediting the production thereof. Punishment. Offenses relating to official duties. Embezzlement, etc. False entries, etc. Participation in profits. Use of unauthorized information. Punishment. Criminal Code pro- visions applicable. 35 Stat. 1108. Reports by Chair- man of WPB. Defense Plants Cor- poration. Service and admin- istration of loans, etc. Lending authority of other agencies. 7 F. R. 2367. Use of funds. 56 STAT.] 355

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