SECTION 1. Section five of Republic Act Numbered Six Numbered thirteen is hereby amended to read as follows:
“SEC. 5. The authority granted in this Act shall terminate on December thirty-one, nineteen hundred sixty-two sooner terminated by concurrent resolution of Congress, except that as to offenses committed, or t of liabilities incurred prior to such repeal or termination the provisions of this Act and of the rules and regulations issued thereunder shall be treated as remaining in effect for the purpose of sustaining any suit, action or prosecution with respect to such rights, liabilities or offenses."