; or (B) included false or misleading information in a notice or information described in paragraph (1) or omitted material information from such notice or information. (3) Applicability of law on fraud and false statements 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. . 1720. Implementation plans (a) In general Not later than 180 days after the date of the enactment of this Act, the chairperson of the Committee on Foreign Investment in the United States and the Secretary of Commerce shall, in consultation with the appropriate members of the Committee— (1) develop plans to implement this title; and (2) submit to the appropriate congressional committees a report on the plans developed under paragraph (1), which shall include a description of— (A) the timeline and process to implement the provisions of, and amendments made by, this title; (B) any additional staff necessary to implement the plans; and (C) the resources required to effectively implement the plans. (b) Appropriate congressional committees defined In this section, the term appropriate congressional committees means— (1) the Committee on Banking, Housing, and Urban Affairs and the Committee on Appropriations of the Senate; and (2) the Committee on Financial Services and the Committee on Appropriations of the House of Representatives. 1721. Assessment of need for additional resources for Committee The President shall— (1) determine whether and to what extent the expansion of the responsibilities of the Committee on Foreign Investment in the United States pursuant to the amendments made by this title necessitates additional resources for the Committee and the departments and agencies represented on the Committee to perform their functions under section 721 of the Defense Production Act of 1950, as amended by this title