; or (2) knowingly has failed, or caused another to fail, to disclose a material fact, and as a result of such false statement or representation, or of such nondisclosure, such individual has received any payment under this Act to which the individual was not entitled, such individual shall, in addition to any other penalty provided by law, be ineligible for any further payments under this Act. (c) Reversion to Treasury Any amount recovered under this section shall be returned to the Treasury of the United States. 306. 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, for the purpose of obtaining or increasing for that person or for any other person any payment authorized to be furnished under this Act or pursuant to an agreement under section 302