PUBLIC LAWS-CH. 358 -JULY 1, 1944 Time limt (d) The Director shall require each contracting agency to formalize all such obligations and commitments within such period as the Director deems appropriate. RECORDS, FORMS, AND REPOMT Policies for supe SEO. 18. (a) The Director shall establish policies for such super- visnad vision and review within the contracting agencies of termination settlements and interim financing as he deems necessary and appro- priate to prevent and detect fraud and to assure uniformity in admin- Reeord istration and to provide for expeditious settlements. For this pur- pose he shall prescribe (1) such records to be prepared by the con- tracting agencies and by war contractors as he deems necessary in connection with such settlements and interim financing; and (2) the records in connection therewith to be transmitted to the General Accounting Office. He shall seek to reduce the amount of record keep- ing, reporting, and accounting in connection with the settlement of termination claims and interim financing to the minimum compatible Form. with the reasonable protection of the public interest. Each contract- ing agency shall prescribe forms for use by war contractors in con- nection with termination settlements and interim financing to the extent it deems necessary and feasible. Informnnat andom (b) The Director shall require the Government agencies performing Po r t functions under this Act to prepare such information and reports regarding terminations of war contracts, settlements of termination claims, and interim financing, as he deems necessary to assist him in appraising their operations or to assist him or other Government agen- cies in performing their functions under this Act, and may prescribe the terms and conditions upon which such information and reports shall be made available to other Government agencies. The Director may require any Government agency to furnish such information under its control as he deems necessary for the performance of his functions under this Act, but any such agency, in its discretion, may furnish any such information deemed by it to affect the national secu- rity only to the Director himself. c vutbacks inwrpr (c) The Director, by regulation, shall provide for making available duction. to any interested Government agency such advance notice and other information on cut-backs in war production resulting from termina- tions or failures to renew or extend war contracts, ashe deems neces- sary and appropriate. (d) The Director shall make such investigations as he deems neces- tiements nd inteim sary or desirable in connection with termination settlements and fean l -* interim financing. For this purpose he may utilize the facilities of any existing agencies and if he determines that the facilities of existing agencies are inadequate, he may establish a unit in the Office of Contract Settlement to supplement and facilitate the work of existing agencies. He shall report to the Department of Justice any information re- ceived by him indicating any fraudulent practices, for appropriate action. Report of h r t du- (e) Whenever any contracting agency or the Director believes that any settlement was induced by fraud, the agency or Director shall invtiationgd report the facts to the Department of Justice. Thereupon, (1) the athho ' . Department of Justice shall make an investigation to determine whether such settlement was induced by fraud, and (2) until the De- partment of Justice notifies the contracting agency that in its opinion the facts do not support the belief that the settlement was induced by fraud, the contracting agency, by set-off or otherwise, may withhold from amounts owing to the war contractor by the United States under such settlement or otherwise, the amount of the settlement, or the [58 STAT.
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