INCREASED PENALTIES FOR FALSE STATEMENTS.

SEC. 1865. INCREASED PENALTIES FOR FALSE STATEMENTS. Section 257 of the Trade Act of 1974, as redesignated by section 1864(a), is amended to read as follows:“SEC. 257. PENALTIES. “Any person who—“(1) makes a false statement of a material fact knowing it to be false, or knowingly fails to disclose a material fact, or willfully overvalues any security, for the purpose of influencing in any way a determination under this chapter, or for the purpose of obtaining money, property, or anything of value under this chapter, or“(2) makes a false statement of a material fact knowing it to be false, or knowingly fails to disclose a material fact, when providing information to the Secretary during an investigation of a petition under this chapter,shall be imprisoned for not more than 2 years, or fined under title 18, United States Code, or both.” .